May 3rd BTC/ETH Intraday Market Forecast and Analysis

1. BTC

The price started from a low of 75,107.6, formed a complete V-shaped reversal, and then consolidated sideways in the 78,000-78,500 range. As the price rebounded, volume was gradually released, and short-term bulls took the lead.
On the intraday chart, the price has moved back above the previous high platform, and the moving averages are in a bullish alignment; the short-term uptrend has not been broken.
- Short-term support: 78,000, 77,700
- Core support: 77,500 (lower boundary of the oscillation center)
- Short-term resistance: 78,700 (intraday high), 79,000
- Core resistance: 78,700-79,000 (previous high pressure zone)

Intraday direction and strategy:
- Main trend judgment: Slightly bullish in the short term. Overall, the market is in a high-level consolidation after a rebound. Bullish momentum is still ongoing, but it faces a test from the previous high pressure zone.
- Long position idea: If the price pulls back to the 78,000-77,800 area and stabilizes, you may consider a small long with the target at 78,700-79,000, and set the stop loss below 77,500.
- Short position idea: If the price fails to break through the 78,700-79,000 resistance and a volume-backed pullback occurs, you may consider a small short at high levels with the target at 78,000-77,700, and set the stop loss above 79,000.


2. ETH

The price quickly surged from around 2,231, touched the 2,344 intraday high, and then pulled back. It is currently consolidating in the 2,300-2,310 range, near the upper edge of the rebound center.
On the intraday chart, the price has tested the 2,300 support line multiple times without an effective breakdown. The short-term bullish trend still remains, but it is facing pressure from the previous highs.
- Short-term support: 2,300, 2,290
- Core support: 2,280 (lower boundary of the oscillation center)
- Short-term resistance: 2,320, 2,345 (intraday high)
- Core resistance: 2,340-2,350 (previous high pressure zone)

Intraday direction and strategy:
- Main trend judgment: Slightly bullish in the short term. Following BTC’s synchronized rebound, the market is currently in a high-level consolidation to build momentum. Bullish momentum is a bit weaker than BTC, but the overall trend has not changed.
- Long position idea: If the price pulls back to the 2,300-2,290 area and stabilizes, you may consider a small long with the target at 2,320-2,345, and set the stop loss below 2,280.
- Short position idea: If the price fails to break through the 2,340-2,350 resistance and a pullback occurs, you may consider a small short at high levels with the target at 2,300-2,280, and set the stop loss above 2,350.
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