Early Morning Analysis The 4-hour chart shows consecutive bearish pullbacks, a MACD death cross has formed, and KDJ is neutral to bearish, indicating a potential continuation of the pullback to the 101,500 support level.
The daily chart shows a golden cross with decreasing volume, and the fast and slow lines are converging, warranting caution for further corrections, but the overall trend remains intact.
Options market impact: On May 16, $3.1 billion in BTC options will expire, with the maximum pain point at 100,000, which could exacerbate early morning volatility. Pay attention to Federal Reserve policies and SEC regulatory dynamics, as they may influence market direction. Bitcoin Short near 104500-104000, targeting 103000-102000 Ethereum Short near 2600-2570, targeting 2500-2450.
BNB still maintains the original view. If the price of 655 successfully stabilizes and breaks upwards, the next target will aim directly at the resistance range of 665 - 670 USD. This area is converged by the 200-day moving average pressure and historical dense transaction area. If an effective breakthrough can be achieved, it is expected to activate a bullish trend and open a new round of rising market; on the contrary, if it encounters resistance and falls back, one should be wary of the risk of price correction and adjust the holding strategy in a timely manner. Suggestion: Go long around 645-650, targeting 665-670.
Midday Analysis From a short-term perspective, the BTC price may fluctuate within the range of 102500-104000. On one hand, the market is fiercely contested between bulls and bears, and technical indicators show a weakening upward momentum, indicating a need for a pullback; on the other hand, investor sentiment is optimistic, and mining profits are relatively high, providing some support for the price. If it can break through the resistance level of 105311, the price is expected to rise further, challenging the target of 108000 or even higher; if it falls below the support level of 101906, it may trigger a rapid decline, testing the support near 98000. From a medium to long-term perspective, despite short-term volatility, Bitcoin's scarcity and the continued interest from institutional investors still provide potential upward momentum for its price. As market infrastructure continues to improve, such as the development of Bitcoin ETFs, it is expected to attract more capital inflows, driving the price up. However, uncertainties such as the macroeconomic environment and regulatory policies may also have a significant impact on its price movements. Bitcoin: Buy around 102800-103100 with a short-term target of around 104200-105000. Ethereum: Buy around 2550-2580 with a short-term target of around 2650-2700.
BTC Evening Market Analysis Afternoon Bitcoin short-term has given
The current market still relies on the middle track of the Bollinger Bands for effective support. Although it briefly tested the area below the middle track, it formed a clear bullish engulfing pattern. The price entity has consistently maintained operation above the middle track of the Bollinger Bands. The MACD indicator shows a golden cross prototype near the zero axis. This evening, we still look for a pullback before looking for a breakthrough. Bitcoin: Buy near 1029000-1033000 with a short-term target of around 104000-104700 Ethereum: Buy near 2570-2600 with a short-term target of around 2650-2700
Bitcoin Midday Analysis From a 4-hour perspective, after experiencing a previous technical correction, the price has welcomed a rebound. The K-line entity has successfully broken through the middle band of the Bollinger Bands and is currently stabilizing above this midline area. The Bollinger Bands show a horizontal and parallel movement, indicating that the market has entered a typical range consolidation phase. In the short term, the price may oscillate between the upper band and the middle band of the Bollinger Bands, with the afternoon strategy focusing on buying low and selling high.
Bitcoin: Buy around 103400-102900 with a short-term target of about 104500-104000.
Ethereum: Buy around 2640 with a short-term target of 2720.
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BNB Arrived as scheduled, reached the first target range. The market changes rapidly, and we cannot blindly go long and hit a wall. We should change our strategy based on market analysis.
The top Bitcoin support has broken down to 100678. Currently, there is high volatility with a situation of both bulls and bears. If it stabilizes above 102000, we will continue to look upward; if it falls below, the support is around 102300-120700 for longs, aiming for around 103500-104000. Ethereum remains unchanged, with a pullback around 2420-2470. The short-term target is 2550-2560.
Early Morning Analysis: Currently Maintaining a High-Position Volatility Pattern From the daily technical analysis perspective, the current market still maintains a strong bullish pattern. Although there has been a certain degree of pullback during the day, this technical adjustment has not changed the overall upward trend. The K-line continues to run closely along the upper Bollinger Band, which is showing a parallel opening upward trend, and the upward momentum is still being released. Observing the 4-hour chart, the price quickly gained support and rebounded after touching the lower Bollinger Band, which confirms the end of the short-term adjustment. The price quickly gained support and rebounded after touching the lower Bollinger Band, indicating that the market is buying on dips. The early morning outlook remains bullish.
Bitcoin: Buy near 102300-102800, short-term target around 103500-104400
Ethereum: Buy on pullback near 2420-2470, short-term target around 2550-2560