Morning BTC/ETH Analysis on May 3:

A week has quickly passed, and the weekend saw little market fluctuation, likely remaining in a sideways small fluctuation range. For those who have been following our thoughts daily this week, it feels like picking up USDT for free.

Bitcoin saw a slight rise after the US stock market yesterday, while Ethereum showed some fatigue but still has strength. Currently, it is in a minor pullback consolidation phase. We need to pay attention to the short-term support level at 96600. As long as this level holds during the pullback, there is still upward space for Bitcoin. If it breaks the upper resistance at 985, traders can take profit or reduce positions here and consider light trading; I do not recommend entering new positions for short-term trades. Personally, I still maintain the opinion to buy on the pullback.

It is suggested to enter long positions near 966, with a stop loss at 800 and a target at 978-985.

Ethereum has been getting weaker lately, and Bitcoin gives a feeling of towering over others. After breaking the previous high resistance, Ethereum has lost its momentum and is currently moving sideways with a weakening trend. This second-in-command seems unable to hold its ground. For Ethereum to gain strength, it needs to break through the level of 1850.

It is suggested to enter long positions for Ethereum in the range of 1800-1815, with a stop loss of 25 points and a target towards 1850-1890.

If you like this, please follow and give a thumbs up. Liu Bei is here to move forward with you together!