May 3 BTC/ETH Intraday Market Forecast and Analysis

1. BTC

After rebounding from the low of 75,107.6, the price formed a complete V-shaped reversal. It then consolidated sideways in the 78,000-78,500 range. As the rebound progressed, volume released gradually, and bulls dominated in the short term.
On the intraday chart, the price has re-gained the previous high platform, moving averages are arranged in a bullish order, and 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 high-level consolidation after a rebound. Bullish momentum is still continuing, but it faces tests from the previous high pressure zone.
- Long position idea: If a pullback to the 78,000-77,800 area finds stabilization, you may lightly go long. 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 a volume-backed pullback occurs, you may lightly go short at higher levels. Targets are 78,000-77,700, and the stop-loss is set above 79,000.


2. ETH

The price quickly surged from around the low of 2231, touched the intraday high of 2344, and then pulled back. It is currently consolidating in the 2300-2310 range, at the upper edge of the rebound center.
On the intraday chart, the price tested the 2300 support line multiple times and did not show an effective breakdown. The short-term bullish trend remains intact, but it faces pressure from the previous high.
- Short-term support: 2300, 2290
- Core support: 2280 (lower boundary of the oscillation center)
- Short-term resistance: 2320, 2345 (intraday high)
- Core resistance: 2340-2350 (previous high pressure zone)

Intraday direction and strategy:
- Main trend judgment: Slightly bullish in the short term. Following BTC’s rebound in sync, the market is currently in a high-level consolidation and accumulation phase. Bullish momentum is slightly weaker than BTC, but the overall trend has not changed.
- Long position idea: If a pullback to the 2300-2290 area stabilizes, you may lightly go long. Targets are 2320-2345, and the stop-loss is set below 2280.
- Short position idea: If the price cannot break through the 2340-2350 resistance and shows a pullback, you may lightly go short at higher levels. Targets are 2300-2280, and the stop-loss is set above 2350.
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