May 3 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 moved into sideways consolidation in the 78,000-78,500 range. As the price rebounded, volume was released step by step, and short-term bulls remained dominant.
On the intraday chart, the price has once again reclaimed the previous high platform, and the moving averages show a bullish alignment. The short-term upward trend 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. The overall market is in a high-level consolidation after a rebound. Bullish momentum is still continuing, 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 can try a long position with a small allocation. Targets are 78,700-79,000, and the stop loss is set below 77,500.
- Short position idea: If the price cannot break through the 78,700-79,000 resistance and then shows a high-volume pullback, you can consider trying a short position with a small allocation at high levels. Targets are 78,000-77,700, and the stop loss is set above 79,000.

2. ETH

The price surged rapidly from around the low of 2,231, reached the intraday high of 2,344, and then pulled back. It is currently consolidating in the 2,300-2,310 range, at the upper edge of the rebound center.
On the intraday chart, the price has tested the 2,300 support line multiple times without any effective breakdown. The short-term bullish trend is still maintained, but it faces pressure from the prior high area.
- 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. It is rebounding in sync with BTC. Currently, it is in high-level consolidation and building 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 can try a long position with a small allocation. Targets are 2,320-2,345, and the stop loss is set below 2,280.
- Short position idea: If the price cannot break through the 2,340-2,350 resistance and then shows a pullback, you can consider trying a short position with a small allocation at high levels. Targets are 2,300-2,280, and the stop loss is set above 2,350.
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