Market Analysis on 2025/05/10

🥇01 Review of Yesterday
BTC: The daily line closes with a doji star and a small bearish candle, with trading volume reduced to three-quarters of the previous day, indicating some short-term funds are escaping. The large bullish candle has exhausted the bullish momentum, and the daily level needs adjustment, which will maintain a consolidation followed by a slight pullback.
ETH: The daily candlestick shows a bullish line with an upper shadow, and the trading volume exceeds that of the previous day, continuing to increase with strong momentum!

🥈02 Today's Analysis
BTC Trend: The upward momentum on the 8-hour level is weakening, making it difficult to support a significant price increase, with short-term fluctuations or slight pullbacks anticipated.
Key points:
Resistance: 105000-110000
Support: 99500-97700
ETH Trend: The consecutive two days of bullish candles have exhausted the bullish power, and a correction is needed in the short term. The price surged to 2500 yesterday, reaching the February decline continuation platform (neckline resistance level). There are many trapped positions in the 2500-2900 range, making it difficult to break through in one go in the short term.
Key points:
Resistance: 2450-2510
Support: 2240-2120

🥉03 Today's Summary
The liquidity is relatively poor over the weekend, so the price will mainly fluctuate at a high level. Focus on the altcoins that have seen small increases in the past two days, especially those with relatively small market capitalizations, as there will be a nice wave of catch-up.#BTC #ETH