5.11 Friends, good afternoon everyone! Although we can rest this weekend, Bitcoin and Ethereum haven't been idle; they quietly pulled up this morning and have reached new heights recently.
Bitcoin is currently in a state of wide-ranging consolidation at the top, while Ethereum has been consistently catching up and reaching new highs every day. Based on this upward momentum, the major resistance at 2850 is likely to be hit soon.
Friends looking to short should hold back; even if you are bearish, don't easily short. In the past few days, whether during weekdays or weekends, the pullback strength has been very small, and it continues to rise. Don't short easily! It's better to miss the opportunity than to short easily!
Today's trend analysis:
Bitcoin: Focus on the position of 103820 today. As long as it does not fall below this position, all levels remain under the control of the bulls, and the market is expected to continue to rise. The resistance levels to watch are around 104980, 105750, and 106400. However, if it falls below 103820 today, the 1-hour level may start to correct, and the support levels to watch are around 103055, 102350, and 100950.
Ethereum: The key position today is 2531. As long as it does not fall below this position, all levels remain bullish, and the market will continue to rise. The resistance levels to watch are around 2605, 2660, and 2719. But if it falls below 2531 today, the 1-hour level may enter a correction mode, and the support levels to watch are around 2485, 2428, and 2381.
SOL: Focus on the position of 175.1 today. As long as it does not fall below this position, all levels remain bullish, and the market is expected to continue to rise. The resistance levels to watch are around 180.3, 186.8, and 193.7. But if it falls below 175.1 today, the 1-hour level may see a correction, and the support levels to watch are around 171.6, 168.5, and 164.3.
