Good afternoon, brothers. Did you guys feel the surge? I don't know if the bulls feel it, but the bears definitely do, it's the kind that makes your scalp tingle. They keep shorting while resisting, with brothers blowing up their accounts every day. It's really tough.
Still the same phrase I often mention in live broadcasts: Bitcoin not standing above 985 on the daily line is still not a sign of a bullish reversal. Currently, it's just a large-level rebound. With the major negative impact of tariffs gone, the expectations the market will speculate on next are Ethereum's upgrade in May and interest rate cuts in June. As long as the yellow-haired doesn't cause trouble, a major rebound is inevitable. This is why I called for a bull to bear reversal near 98 but haven't shorted yet!
Bitcoin is up to 949 now. After this position, we will look at the large resistance area around 985-995. Ethereum started to strengthen last night, with major resistance levels around 1830. If it breaks, we will look at around 1920. Brothers, just pay attention to these major positions, if it goes up further, have a baseline. If you can't hold onto your longs at the bottom, reduce your positions, and for the rest, use a trailing stop to continue holding. If you don't have longs, just wait for a retracement, anyway, I don't recommend chasing, better to miss than to make a mistake!
Today's market analysis:
$BTC Bitcoin pay attention to the position of 92600 today. As long as it does not break this position, a small-level retracement will still go up. Pay attention to the resistance levels nearby 93850-94970-96230!
If it breaks the position of 92600 today, then the 1-hour level will start to retrace. Pay attention to the support levels nearby 91340-90000-88930!
$ETH Ethereum pay attention to the position of 1774 today. As long as it does not break this position, a small-level retracement will still go up. Pay attention to the resistance levels nearby 1806-1830-1852!
If it breaks the position of 1774 today, then the small level will start to retrace. Pay attention to the support levels nearby 1742-1714-1690! (If it breaks 1742, the 1-hour level will start to retrace)
$BNB BNB pay attention to the position of 612.3 today. As long as it does not break this position, a small-level retracement will still go up. Pay attention to the resistance levels nearby 620-626.6-634!
If it breaks the position of 612.3 today, then the 1-hour level will start to retrace. Pay attention to the support levels nearby 606.7-600-594.4!
SOL pay attention to the position of 147.2 today. As long as it does not break this position, a small-level retracement will still go up. Pay attention to the resistance levels nearby 150.3-152.8-157.8!
If it breaks the position of 147.2 today, then the 1-hour level will start to retrace. Pay attention to the support levels nearby 145.3-142.6-140!
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