2025/05/29 Market Analysis

🥇01 Review of Yesterday

BTC: After a wave of decline early yesterday morning, the price began to move in a narrow range during the day. After a drop following the opening of the US stock market, the price fell back to around 106600, forming a rebound at the hourly level. The current price is around 107800. The recent trend has been a wide oscillation in the range of 106600-110450.

ETH: Yesterday we mentioned that Ethereum's hourly trend is stronger than Bitcoin's, with a clear strong control method. Although the short-term hourly trend will be affected by Bitcoin, after a brief decline last night, it was quickly pulled back. The reason why Bitcoin's price appears strong in its high-level oscillation is partly due to Ethereum's momentum to pull up.

🥈02 Today's Analysis

BTC Trend: The daily level is in high-level oscillation consolidation. We have been saying that the upward momentum at the 8-hour and 6-hour levels has weakened significantly, which is insufficient to support the price for further sustained increases. It needs to retest a larger level, such as the support of the 12-hour and daily levels, before continuing to rise.

Key Levels:

Resistance: 111000-115000

Support: 106000-102100

ETH Trend: The daily level shows a small bullish candle with a short lower shadow, and the trading volume is about two-thirds of the previous day. The daily MA30 line maintains an upward trend, so the daily level is still in an upward trend. The MACD shows weakening downward momentum above the zero axis.

Yesterday we also mentioned that with a bullish close on the daily level, it is likely to form an upward momentum, and today is likely to break upward, forming a relatively long bullish candle on the daily level, aiming for the area of 2800-2900. It is important to note that after a high surge, there may be a rapid price drop in the short term.

Key Levels:

Resistance: 2800-2880

Support: 2610-2560

🥉03 Today's Summary

The weekly level still needs to continue rising, but attention should be paid to the short-term decline and retest trend. The price has already broken through the historical high, and it remains to be seen whether the market can form a consistent direction and continue to break upward. #BTC走势分析 #ETH