On May 14, the BTC price peaked at 105,863 before quickly retreating, touching a low of 100,678, with a volatility of 5%. Today's price fluctuates between 103,000 and 105,000, maintaining a high-level consolidation.

1. Review of Yesterday

$BTC BTC: Yesterday's low was 103,600, the high was 104,955, with a fluctuation of 3,548 and a volatility of 3.38%

$ETH ETH: Yesterday's low was 2,418, the high was 2,738, with a fluctuation of 324.05 and a volatility of 11.81%

2. Today's Analysis

BTC current quote is 103,565, the 4-hour level shows a top divergence followed by a pullback. Yesterday, it broke below 103,500 USD triggering long positions to take profits, entering a consolidation trend. The 30-minute Bollinger Bands show a continuation pattern, and it may continue to trade sideways in the short term. The hourly MACD shows a golden cross but is weakening in momentum, with the possibility of forming a death cross.

BTC Resistance: 105,000-105,800 USD, tested multiple times without effective breakthrough, indicating strong selling pressure.

BTC Support: 102,500 USD (short-term support), 100,700-101,700 USD (strong support range).

ETH current quote is 2,640, after a pullback around 10 PM on May 12, it has been in a range-bound state (price range of 2,406-2,513). The smaller 15-minute line formed a golden cross below the 0 axis and subsequently broke through the 0 axis with divergence. The state of the Bollinger Bands is as I mentioned in yesterday's video, narrowing and reversing upwards. Ethereum is still very strong in this wave, and a pullback followed by short-term consolidation is likely.

ETH Resistance: The current resistance is at 2,867, if broken, it may challenge 3,000 and 3,500, or even return to 4,109 (the highest point in December 2024).

ETH Support: The key short-term support is at 2,642, if broken, it may further pull back to 2,200 or 2,100 (key support).

3. Summary

BTC is consolidating at a high level, with technical indicators showing short-term pullback pressure, but the long-term trend remains bullish. Attention should be paid to the performance at the resistance of 105,000 USD and support at 100,700 USD, while being cautious of volatility from macroeconomic data and policy changes.

Ethereum is temporarily hindered at 2,867 USD, with technical indicators showing pullback pressure, but bullish momentum still dominates. Market sentiment is boosted by L2 developments, ETF expectations, and institutional buying, but caution is advised regarding macro data and profit-taking pressures. It is recommended to focus on technical indicators, paying attention to the support at 2,200-2,100 USD and resistance at 2,867 USD, and to operate flexibly in conjunction with news.

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