Good morning, brothers!
✅️ Market Review
Yesterday, Bitcoin broke through its recent high, reaching a peak of 94,696, just shy of breaking the 96,000 resistance level. The second coin reached a peak of around 1,834 yesterday. Overall, the market trend followed expectations, rising sharply before pulling back for consolidation. It found support after retracing to the 92,000 support area and subsequently entered a range of fluctuations!
✅️ Today's Market Analysis
Current market prices are around 93,400 for Bitcoin and around 1,790 for Ethereum. The logic for Bitcoin and mainstream coins remains unchanged, focusing on maintaining positions. This range might need some fluctuation. The overall trend still looks for a breakthrough or a touch of 96,000. For now, it’s prudent not to open long positions at this level.
Intraday Resistance and Support
BTC Resistance 93,600-94,500-95,000
Support 93,300-92,400-92,000
ETH Resistance 1,800-1,840-1,900
Support 1,780-1,730-1,680
✅️ Primary and Secondary Markets
Today, the first-tier Avax launched BOI, opening at a maximum of 10 times, which is quite good. Although I didn't sell at the peak, I did enjoy a few lavish pig trotter meals. On-chain Meme has seen significant gains, particularly Aimeme.
Last night, Trump tweeted about holding a dinner with Trump, which can only be said that Old Trump is really impressive. Once the tweet was out, Trump surged from around 9 to a peak of 16. It seems likely that this will continue to be hyped, especially since the dinner is set for May 22, so it’s worth keeping an eye on!
The world coin recommended for spot trading yesterday continues to hold with a small profit.
Today's Spot Recommendation
Uni around 5.8