In the previous text, I mentioned that Bitcoin is currently at a new high, but altcoins are still at the bottom. For altcoins to rise, it requires either the consolidation of Bitcoin leading to a return of funds or Bitcoin continuing to break through, sparking market enthusiasm to attract more funds.
Currently, the consolidation range is approximately between 107100-111660. From the liquidation map, there is a significant wave of liquidation positions for bulls at 107418. Currently, the daily level for Bitcoin shows an upward trend; as long as this liquidation position does not disrupt the structure, even if Bitcoin experiences a rapid decline, there is no need to worry too much.
The recent major range fluctuation for Ethereum is between 2720-2380, but for most group members, this range is too large. The lines drawn in between, 2585 and 2495, are short-term support levels. The suggestion is to look for a retracement to these support levels to potentially buy more ETH. Today's analysis 2025/5/28
The previous text mentioned that Bitcoin might form a range-bound fluctuation. Currently, the price movement hasn't been suppressed by the upper resistance level. Some altcoins are still at the bottom, and they need capital to rally; only a market fluctuation can bring back the capital. Current trading strategy for Bitcoin Upper resistance level: 111950 Lower support level: 107100-106500
Ethereum has broken through the 2585 position. The current operational idea is 1. Buy on a pullback to the 2585 position, with a stop loss at 2535. 2. Wait for a breakthrough of the previous high point in the 2720-2750 range, then buy on a pullback (I recommend not shorting; if you want to short, try to do it with a small position).
Upper resistance levels to watch: 2720-2750, extreme level 2830-2880.
Lower support levels to watch: 2585-2535, extreme level 2495-2455.
Ethereum reminded everyone last Friday that a 4H level engulfing pattern was expected to rebound at the 2585 position, but due to news, it directly pierced down to below the 2495 support level.
Currently, pay attention to: Upper resistance levels 2585 (although it has broken through once, the pressure here was quite strong previously), 2470, 2830. These three are the upper resistance levels. Lower support level is temporarily set at 2495, with the extreme being 2415.
Last Friday, I mentioned that Bitcoin formed a small resistance level on the 4H chart, and if it couldn't break through, it would pull back. As a result, Trump's announcement of some news caused the pullback to increase. The support level I provided was between 107100-106300, and it dipped to a low of 106510 before bouncing back up. Currently, the resistance level is around 111950, and I predict that Bitcoin might go through a consolidation range between 111950-107000.
BTC Today's Analysis 2025/5/22 The big coin finally touched the 110,000 mark last night, but after touching it, it did not continue to break through. Currently, if the weekly line cannot continue to break through, it may form a double top structure. It seems that the high-leverage shorts near the liquidation map have been mostly liquidated. Pay attention to 111,291 and 112,369. The support levels below are 107,100-106,100, with extreme support at 105,000-104,000.
ETH Today Analysis 2025/5/22 The big coin 110000 Ether is now 2585, last year the big coin broke 100000 Ether at 4110. Currently, Ether has not broken through 2585. From the liquidation map, there is still a high leverage liquidation area above at 2607-2666. The short-term support level looks to be 2495-3450, with extreme support levels at 2415-2380. The short-term resistance level looks to be 2680-2730, with extreme resistance levels at 2826-2860.
Ethereum's recent performance has been quite poor, completely relying on Bitcoin to stay alive; otherwise, it would have already fallen. Currently, Bitcoin needs to accumulate strength to break through new highs and also help Ethereum, hoping that Ethereum can strengthen.
Support level below: 2415-2365 Resistance level above: 2585-2622 (Do not short if it breaks the resistance level; if it pulls back, you can consider going long.)
The recent trend of Bitcoin looks quite good from a larger perspective, but in the short term, it's just a constant up-and-down fluctuation which makes short-term trading uncomfortable. Moreover, the recent order liquidity is very interesting; when the price pulls back to the liquidation zone below, there will be a large influx of buying, making liquidation difficult, while at the upper short-seller liquidation zone, there will also be some selling which leads to liquidation. In summary, the liquidity on both sides is a bit lacking, causing the market to become tense.
The upper resistance level is expected to hover around the 107100-108100 range for a while.
The lower support level is at 105000-104000, with the extreme support level at 101500-100700.
Yesterday in the group I mentioned the support and resistance levels for the large pie. Sure enough, it dropped right after reaching 88400, taking down two thousand points. Now, we can consider placing a small order at the 86750 position to go long.
CAKE Daily level begins to converge, I personally think it can be tried to place an order at the lower line or enter a position at 1.84 #cake #币圈 #Binance