2025/05/16 Market Analysis

🥇01 Yesterday's Review

BTC: Yesterday's price rebounded multiple times after testing the 4-hour EMA52 line, indicating effective support. However, divergence appeared at the 4-hour level, limiting short-term upward potential. The hourly level still shows a strong tendency, but caution is needed for the risk of a pullback after a surge.

ETH: The trend followed BTC but was weaker, with divergence at the 2-hour level and MACD crossing below the zero line. Short-term support is insufficient, and the price may further test the 4-hour, 6-hour, and 8-hour EMA52 lines (2398-2290-2210) before rebounding.

🥈02 Today's Analysis

BTC Trend: The 8-hour and 12-hour EMA52 lines (99360 and 97140) are optimal entry points. The trend is primarily a downward fluctuation, and a quick spike followed by a rise may occur, suitable for entering at major support levels (such as 102100-99500).

Key Levels:

Resistance: 105000-110000

Support: 102100-99500

ETH Trend: If yesterday's short-term long position was entered at 2510, it achieved nearly a 3.4% increase at the highest point. The next short-term entry point is at the 4-hour EMA52 line, around 2398, which should yield good returns.

Key Levels:

Resistance: 2760-2860

Support: 2530-2490

🥉03 Today's Summary

The daily level's upward trend has not ended, and the weekly level's upward trend has just begun, so the upward market is far from over. Cherish every opportunity for a pullback. #ETFvsBTC