5.10 Wishing everyone a pleasant weekend!

Looking back at last night's thoughts, we have successfully reached the expected target.

Bitcoin Intraday Market Analysis

Bitcoin is currently in a top consolidation phase on the 4-hour chart, and it is also stuck in a sideways deadlock on the 1-2 hour chart, reflecting insufficient market liquidity and lack of trading volume. Today, we will focus on the top of the consolidation area at 104365 and the bottom at 102360. As long as the price holds above the bottom of the consolidation area at 102360, a rebound in the smaller timeframe is still possible. At this point, the resistance level to watch is the previous high of 104365. If it breaks through successfully, we can subsequently pay attention to these key levels: 105395, 106400, 107255.

Conversely, if the price falls below the bottom of the consolidation area at 102360 today, the market will enter a downward channel, leading to a pullback on the 4-hour chart. In the event of further declines, the support levels to watch are 100950, 99200, and around 97730.

Ethereum Intraday Market Analysis

Ethereum is also in a top consolidation state on the 4-hour chart. Today, we need to closely monitor the top of the consolidation area at 2389 and the bottom at 2270. As long as the price stays above the bottom of the consolidation area at 2270, a rebound in the smaller timeframe can be expected. The resistance level to watch is first the top of the consolidation area at 2389, and if it breaks through, we can subsequently pay attention to 2436, 2490, and 2550.

However, if the price falls below the bottom of the consolidation area at 2270 today, the market will adjust downwards, leading to a pullback on the 4-hour chart. In the event of continued declines, the support levels to watch are 2203, 2156, and around 2112.

SOL Intraday Market Analysis

SOL showed upward movement at night but failed to break through the previous high and then retreated. Today's key level is 171.5; only if it stabilizes above this level, this small-scale pullback will be considered over, and the market can continue to rise. The resistance levels to watch are 176, 180.4, and 186.8.

If the price cannot stabilize above 171.5 today, it indicates that the 1-2 hour market will continue to pull back, and the support levels to watch are 167.5, 164.3, and 161.3.

The above analysis is for reference only!