Bitcoin, Ethereum, Morning Market Analysis on May 2, 2025

1: #BTC Bitcoin broke through the key resistance of 95,500 yesterday afternoon, the first wave surged to around 96,700 and started to pull back, dropping to 95,700 before rebounding again. The second wave reached a high point of around 97,400 and then began to pull back, as of now the lowest point has pulled back to around 96,300 and started a small rebound.

Above Bitcoin, there is pressure at minor levels of 96,800, 97,400, and further up at 98,500, with minor support below at 96,200 and 95,500.

In fact, this recent Bitcoin breakout was mentioned in a previous alert on the square, indicating a high probability of a breakout before it actually happened yesterday afternoon.

Last night, when Bitcoin pulled back to around 95,800 in the Binance Square live stream, I told everyone to go long. Our community entered at 95,780, with the first take profit point at 96,480 and the second at 97,380. Last night, it perfectly hit the second take profit point before starting to pull back. Don’t you think I’m amazing? Haha, please allow me to show off just once.

As long as Bitcoin maintains a pullback above 95,000, we can continue to look for upward movement. The high point has not yet been reached. Bears opening positions must set stop-losses, and the main strategy is to continue to accumulate on the dips, looking for support to build positions in batches.

2: #ETH Ethereum only reached a high of around 1,870 yesterday. Although it broke the previous high of 1,860, it did not stabilize completely, which can be considered a false breakout. Ethereum was relatively weak yesterday and did not keep up with Bitcoin's pace. Although it didn’t break through, the low points of Ethereum are gradually being raised, so it’s still possible to go long on dips, but be sure to set stop-losses at high points.

Above Ethereum, there are pressures at 1,870, 1,900, and 1,950, with minor support below at 1,820, 1,800, and 1,750.

3: #非农就业数据 Focus on the non-farm payroll data to be released tonight at 20:30, to be cautious of sharp fluctuations.

If my sharing helps everyone, please like and share. Thank you all for your support 🙏