May 9 Market Analysis

BTC broke through the psychological barrier of 100,000 today, reaching a high of 104,000, and is currently fluctuating around 100,000.

Short-term resistance level: 104,244, pay attention to whether it can hold the 100,000 integer level.

The market is showing a low liquidity environment, with funds concentrating on top assets like BTC. In the short term, it may be a market driven by internal funds rather than a comprehensive reversal.

ETH Market Analysis

Yesterday, it was suggested to enter a long position if it broke 1,850.

ETH has seen a catch-up today, breaking through 2,200, reaching a high of 2,244, exceeding expectations.

Support levels: 2,146, 2,080

Resistance levels: 2,244, 2,425

ETH has broken through the technical limit of 2,100, and it is currently necessary to observe whether it can hold above 2,200.

The market is highly volatile, and it is recommended to set strict stop-losses.

Currently, both BTC and ETH are at high levels, and the risk of chasing high in the short term is quite high.