May 3rd BTC/ETH Intraday Market Forecast and Analysis



1. BTC

Price started from a low of 75,107.6, forming a complete V-shaped reversal, then consolidated sideways in the 78,000-78,500 range, with trading volume gradually releasing as it rebounded, indicating short-term bullish dominance.
In the intraday chart, the price has re-claimed the previous high platform, with moving averages showing a bullish alignment, and the short-term upward trend remains intact.
- 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 in a high-level oscillation after a rebound, with bullish momentum still continuing but facing the test of the previous high pressure zone.
- Long position idea: If the price pulls back and stabilizes around 78,000-77,800, consider a small long attempt, targeting 78,700-79,
BTC0.56%
ETH0.87%
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QingGegea
· 19h ago
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