May 11 Evening BTC Market Analysis

1. BTC Market Analysis

During the day, BTC surged high and then sharply retreated, followed by a weak correction at lower levels, with the rebound strength remaining weak. Short-term bullish momentum is insufficient, and the price remains under pressure below the short-term moving averages, maintaining a overall sideways downward trend. The divergence between bulls and bears is concentrated around key support and resistance zones. Tonight, it is likely to continue with narrow-range consolidation before choosing a direction, with clear volatility space. Trading should focus on core levels for positioning.

Bearish:
- Entry points: 81,800-82,400
- Stop-loss points: 82,600
- Target points: 80,800-80,500

Bullish:
- Entry points: 80,000-80,650
- Stop-loss points: 79,500
- Target points: 81,200-81,800

2. ETH Market Analysis

ETH's movement is synchronized with BTC, weakening together, with a noticeable decline during the day. The rebound strength is weaker than BTC, with the price at the lower end of the intraday range. Short-term upward momentum is lacking, mainly following the overall market trend. The support zone below is moderately stable, while resistance above is clearly pressing. Tonight, the approach remains mainly weak with sideways movement, strictly following BTC's trend for operations.

Bearish:
- Entry points: 2,375-2,385
- Stop-loss points: 2,400
- Target points: 2,325-2,315

Bullish:
- Entry points: 2,300-2,320
- Stop-loss points: 2,290
- Target points: 2,340-2,350