2025/05/21 Market Analysis

🥇01 Review of Yesterday

BTC: The hourly price fluctuations were significant, with a slight rise in the morning session yesterday. During the day, it showed a range adjustment. After the U.S. stock market opened, the price gradually rebounded, reaching a recent high in the early hours. Currently, it is maintaining a high-level range.

ETH: The daily chart shows a narrow range oscillation pattern, with trading volume decreasing compared to the previous day. The overall trend is stable, but in the short term, we still need to observe the driving effect of BTC.

🥈02 Analysis for Today

BTC Trend: We have mentioned that we are currently in a 6-8 hour level resonance upward phase, which will lead to a new high. However, after hitting a new high, a top divergence pattern appears, suggesting that the price will drop for adjustment. This means that if it continues to rise from this position and breaks through the integer level of 110000, there will be a pullback. The pullback position is the 8-hour and 12-hour EMA52 line (101880-99800). The pullback is for better upward movement, so any price reaching this area is a good entry point.

Key Levels:

Resistance: 108000-110000

Support: 102100-99500

ETH Trend: In the short term, the daily chart will definitely still be in sync with BTC. The high-level consolidation is considered relatively strong. However, attention should still be paid, as BTC may drop after hitting a high, which will also lead to ETH dropping for a pullback. The pullback positions on the daily chart remain at 2320 and 2130.

Key Levels:

Resistance: 2640-2680

Support: 2450-2320

🥉03 Summary for Today

The weekly chart indicates that the market still has upward space, but short-term volatility on the daily chart may intensify. It is recommended that investors maintain rationality, pay attention to market trends and external macro factors (such as U.S. stock dynamics), and reasonably formulate investment strategies. #BTC走势分析 #ETH🔥🔥🔥🔥🔥🔥