May 22 Market Analysis 📊📊
· Yesterday, BTC continued to rise, breaking through a new high in the early morning and standing firmly above the 110,000 mark. Currently, there is a slight top divergence at the daily level, but no obvious downtrend is seen, and the weekly trend remains healthy.
· The second token followed BTC's rise, maintaining a healthy trend, with a low divergence seen on the 4-hour chart. An increase is expected during the day, consider entering in batches.
BTC has entered the overbought zone on the 1-hour and 4-hour levels, and is also in the overbought zone on the daily level. A continued increase is expected during the day.
Support for the day is at 106,500-104,800 📈
Resistance above is at 115,500-116,700 📉
· ETH has entered the overbought zone on the 1-hour and 4-hour levels, and is also in the overbought zone on the daily level. A continued increase is expected during the day.
Support for the day is at 2,520-2,560 📈
Resistance above is at 2,730-2,760 📉