May 11 Midday Market Analysis

These past two days, there's been a shallow upward trend, and near the previous high, I will definitely short aggressively. Today, I continue to look for lows to go long. Here's a simple analysis.
$BTC ‌

The market's rise and fall are highly volatile, and early signs of this rebound have appeared. The support level at the low has shown a bullish engulfing pattern, which is a clear buy signal.
Even if you miss the entry at the low, breaking through the 80,378 resistance can be chased on the right side for longs, with a target of 81,631 resistance. Once reached, reduce positions promptly to protect profits, and beware of profit-taking and liquidation risks.

Currently, the price has returned below 81,631. The hourly chart has formed a double top pattern, and failure to break the previous high easily could form a triple top.
In the short term, hold the 80,378 support, with opportunities to attempt higher; if this support is effectively broken, the flag pattern will break, and the price will trend downward to 79,190. This level has weak support upon multiple retests, increasing downside risk. Range-bound oscillation remains the optimal current trend.

$ETH ‌

Volume breakout above 23,57 for chasing longs and take profits; volume breakdown below 23,33 for chasing shorts, with strict stop-loss.
A pullback to 22,65 support is effective for longs, with a stop-loss at 22,18; if the hourly stabilizes above 23,57, target 23,98-24,23.
Reaching 24,23, set a short position with a stop-loss at 24,64; a long order is pre-placed at 22,00 on the left side, with a stop-loss at 22,71.

Resistance levels: 23,57, 23,98, 24,23
Support levels: 23,26, 22,97, 22,62

The market has shown a typical false breakout, failing to stabilize above resistance and falling back again.
Breaking below 23,45 on the 4-hour chart, the decline targets 22,98-22,63.
Holding above 23,45 still allows for a rally to test the previous high; if this level is broken without recovery, the correction phase officially begins.
Losing the 23,06 support consecutively, the market returns to a downtrend. Be cautious with position sizing.
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