2025/05/23 Market Analysis
🥇01 Yesterday's Review
BTC: The major cryptocurrency maintains a high-level consolidation pattern, continuously setting new historical highs, with a peak of 111980 yesterday. In the short term, there is still upward momentum in the price, with expected targets pointing to the 115000-120000 range, but the pace of the rise may become more stable.
ETH: Ethereum continues its upward trend, attempting to break through the key resistance area of 2800-2850. As long as the major cryptocurrency remains stable, Ethereum is expected to further challenge the upper resistance levels.
🥈02 Today's Analysis
BTC Trend: The MACD indicators on the 6-hour and 8-hour levels show that upward momentum has weakened, and trading volume has declined. In the short term, attention should be paid to the possibility of adjustments after the upward movement. The overall trend on the daily level remains positive, but there may be rapid fluctuations on the hourly level.
Key Levels:
Resistance: 115000-120450
Support: 106000-102100
ETH Trend: The upward pressure on Ethereum is gradually increasing, and it needs to break through the resistance area of 2750-2860. If it can stabilize above 3000, it may enter a high-level consolidation phase to build strength for further upward movement; otherwise, it may maintain a wide fluctuation on the daily level.
Key Levels:
Resistance: 2750-2860
Support: 2610-2550
🥉03 Today's Summary
When the major cryptocurrency is consolidating at a high level, it is often the time for altcoins to surge. Seizing the hot spots and rapidly rising altcoins can provide opportunities for short-term gains.
Meme coins are expected to make a comeback, and I hope everyone can seize the upcoming altcoin market.
