May 5 Midnight BTC/ETH Market Forecast and Analysis

1. BTC

- Intraday Trend: On May 4, it started rebounding from a low of 78,146.8, reaching a high of 80,746.5. The current price is around 80,369.7, breaking through previous key resistance levels, showing a clear bullish continuation trend.
- Key Support/Resistance: - Strong Support: 79,800-80,000 (upper end of previous consolidation range, if retested without breaking, bullish structure continues)
- Strong Resistance: 80,700-81,000 (near intraday high, breaking above opens upward space)

Midnight Trend Forecast:
- Bullish structure is dominant, likely to maintain a high-range consolidation with a bullish bias in the short term. - If the 80,000-79,800 support zone holds, expect further upward movement toward 80,700-81,000. If a volume breakout occurs, the next targets could be 81,500-82,000.
- If it falls below the 79,500 support, short-term bullish momentum weakens, possibly retracing to the 79,000-78,800 range for consolidation, but without damaging the medium-term rebound structure.

2. ETH

- Intraday Trend: On May 4, it rebounded from a low of 2,308.01, reaching a high of 2,399.87. The current price is around 2,369.36, following BTC’s rebound, showing a synchronized rebound trend.
- Key Support/Resistance: - Strong Support: 2,350-2,340 (previous breakout level, if retested without breaking, bullish continuation)
- Strong Resistance: 2,390-2,400 (near intraday high, breaking above opens upward space)

Midnight Trend Forecast:
- Following BTC, the trend remains relatively strong, with sufficient short-term rebound momentum. - If the 2,350-2,340 support zone holds, expect further upward movement toward 2,390-2,400. If a volume breakout occurs, the next targets could be 2,430-2,450.
- If it falls below the 2,330 support, it may retrace to the 2,310-2,300 range for consolidation, but overall still within the rebound channel.

3. Overall Trading Tips
1. Correlation Focus: BTC’s current trend is the market indicator; ETH tends to follow closely. Pay close attention to BTC’s support/resistance breakout conditions.
2. Short-term Trading Range: - BTC: Bullish range 80,000-81,000, bear protection at 79,500
- ETH: Bullish range 2,340-2,400, bear protection at 2,330
3. Risk Reminder: Liquidity decreases at midnight, price volatility may increase. Set strict stop-loss orders to avoid chasing highs.