2025.5.12 Afternoon Market Analysis, not much different from the morning, there was not much volatility on Monday morning, the key is to watch for violent fluctuations in the US stock market and ETF opening tonight.

BTC

As mentioned in the morning, going long near the channel line is still valid, currently in slight profit, with no significant changes in pressure and support. Since the rebound is weak, if you have a heavy position, you might consider reducing your position appropriately, and then continue to hold. Consider reducing your position slightly near 104600 and looking up to 105000, 110000.

ETH

Currently, ETH is oscillating within the range of 2600 to 2460. Only if the upper pressure of 2537 breaks and stabilizes can we continue to look up to around 2600; otherwise, any rise will be weak. The lower support is at 2473, 2460.