Market Analysis 2025/05/24

🥇01 Yesterday's Review
BTC: In the past few days, it has been said that there is insufficient upward momentum in the 6-8 hour level, and we need to be vigilant about the possibility of a pullback after an upward surge. Last night, there was finally a rapid downward trend at the hourly level.
ETH: On the daily chart, the trend is still mainly following Bitcoin in the short term. It needs to adjust for a period of time before we can see if it can continue to rebound and rise. On the hourly chart, the trend is synchronized with Bitcoin and has not continued to show an independent strong trend.

🥈02 Today's Analysis
BTC trend: At present, the 6-8 hour level top divergence pattern has been determined, the price has room for further decline after the rapid decline and rebound at the hour level, and the daily level will not plummet, so there is no need to worry, the high continues to fluctuate sideways for a period of time. In the next three days, the U.S. stock market will not open, and the market liquidity will be lacking a lot, but as long as BTC maintains a high sideways, the copycat will make up for a wave.
Key support and resistance levels:
Resistance: 110000-115000
Support: 106000-102100
ETH Trend: The upward momentum of the 12-hour period has weakened, and the technical picture shows short-term correction pressure, and the price has rebounded slightly after gaining support near the 6-hour EMA52 and is currently in a volatile position. The strong support position of the daily level is the MA30 line on the daily line, which is just the same as the position of the MA120 line, and the two together form a strong support, if the price falls and inserts the pin here, you can boldly get on the bus, and the price is at 2212.
Key points:
Resistance: 2560-2610
Support: 2490-2450

🥉03 Today's Summary
Today, the market will mainly focus on recovery during the day, and there should be strong altcoins starting to rise in the evening until tomorrow. #山寨行情即将到来吗