2025/05/24 Market Analysis
🥇01 Review of Yesterday
BTC: The lack of upward momentum at the 6-8 hour level we've been talking about for the past few days requires caution for a potential pullback after an upward surge. Last night, we finally saw a rapid decline at the hourly level.
ETH: At the daily level, in the short term, it mainly follows Bitcoin, needing some time for adjustment before we see if it can continue to rebound. The hourly trend is synchronized with Bitcoin and does not show any independent strong momentum.
🥈02 Today's Analysis
BTC Trend: The divergence pattern at the 6-8 hour level has been confirmed. After a quick rebound following a sharp decline at the hourly level, there is still room for further decline, but a major crash at the daily level is unlikely, so there is no need for concern. If it continues to consolidate at a high level for a while, we will reassess. The next three days, U.S. stock markets will be closed, leading to a significant drop in market liquidity; however, as long as BTC maintains its high-level consolidation, altcoins will likely experience a wave of catch-up.
Key Levels:
Resistance: 110000-115000
Support: 106000-102100
ETH Trend: The upward momentum at the 12-hour cycle has weakened, with technical indicators showing short-term adjustment pressure. After finding support near the 6-hour EMA52 moving average, it has slightly rebounded and is currently in a consolidation phase. The strong support level at the daily level is at the MA30 line, which coincides with the MA120 line, together forming strong support. If the price falls and tests this area, it could be a good opportunity to enter, with the price at 2212.
Key Levels:
Resistance: 2560-2610
Support: 2490-2450
🥉03 Summary of Today
Today, the market is primarily focused on recovery; by evening to tomorrow, we should see some strong altcoins starting to rise.
