Morning Bitcoin and Ethereum Market Analysis on May 12!

In the 1-4 hour Bitcoin market, there is a fierce battle between bulls and bears; the price drops suddenly and is immediately pulled back, then rises suddenly and is smashed back down. The turnover between bulls and bears is intense, with everyone looking for the highest probability for an upward or downward movement.

The 4-hour chart has shown signs of exhaustion, and in the short term, I believe it will correct down to around the 102,500 position. If it falls below this range, it is likely to drop to the price of 100,800.

Whether above or below, there are a large number of contract liquidations. The closer we get to this market decision point of whether to rise or correct, the more contracts provide liquidity.

If the market is strong, it will oscillate around the 105,000-103,000 range for a while before breaking through to new highs, aiming for 110,000. Such a rally can generally be completed within 1-2 days, and those who haven't entered the market will have to chase the rising prices.