The market has repeatedly attempted to rise but has failed. Will it continue to rise?

May 3, 2025, 06:59:31 (Saturday)

1. 【Review of Previous Events (Weibo: Listening to the Wind and Rain, see the video for detailed analysis)】

Market Review: This week performed worse than last week. This week was actually trying to break through but did not succeed. The trading volume was also significantly lower than last week, indicating a further reduction in liquidity. Bitcoin faced strong resistance around the 98 level, and after multiple attempts, it has fallen back. IBIT formed a spinning top yesterday, so be cautious for the opening on Monday. Today is the weekend, leaning more towards a volatile downward trend!

2. 【Analysis of Today's Market】

1. BTC 4-hour real-time market judgment strategy layout

Bitcoin has formed a double top pattern, encountering strong resistance near 986. The SKDJ has returned to the overbought zone. Currently, the price movement does not show significant volume release, and the volume-price discrepancy means that the current price cannot be sustained. Combined with Fibonacci, the resistance above is at 986, and the support below is around 932.

2. ETH 4-hour real-time market judgment strategy layout

Ethereum has formed an M-shaped double top in the 4-hour timeframe. There have been two attempts to break through the 1870 area, but with scarce liquidity, the price is unable to push higher. The volume-price discrepancy ultimately leads back to the most contentious position around 1800. The SKDJ shows signs of an overbought dead cross. Combined with Fibonacci, the resistance above is at 1892, and the support below is at 1730.

PS: Clear strategy points are on Weibo (Listening to the Wind and Rain) Fan group #比特币走势分析