Market analysis on 2025/05/21

🥇01 Review of Yesterday
BTC: The price volatility on the hourly level is notable. After a slight upward movement in the morning session yesterday, the price showed fluctuations and adjustments during the day. After the opening of the US stock market, the price gradually recovered, reaching a recent high in the early morning, and is currently maintaining high-level fluctuations.
ETH: The daily chart shows a narrow range of fluctuations, with trading volume decreasing compared to the previous day. The overall trend is stable, and short-term observation of BTC's influence is still needed.

🥈02 Today's Analysis
BTC trend: We said that it is currently a 6-8-hour level resonance rise, then there will be a new high trend, but after the new high, there will be a pattern of top divergence, the price will fall to adjust, that is to say, this position continues to go up, after breaking through the integer mark of 110000, there will be a downward step, the position of the retracement is the 8-hour 12-hour EMA52 line (101880-99800), the decline is for a better rise, So the price to this area is a good pick-up location.
Key points:
Resistance: 108000-110000
Support: 102100-99500
ETH Trend: The short-term daily chart trend will definitely still be synchronized with Bitcoin. The high-level consolidation is also relatively strong. It is still important to note that after Bitcoin rises sharply, it may pull back, dragging Ethereum down to retest. The daily chart retest positions are still 2320 and 2130.
Key points:
Resistance: 2640-2680
Support: 2450-2320

🥉03 Today's Summary
The weekly level shows that the market still has upward potential, but short-term fluctuations on the daily chart may intensify. Investors are advised to remain rational, pay attention to market trends and external macro factors (such as US stock dynamics), and develop investment strategies accordingly. #BTC #ETH