#ETH May 11th market analysis: Overall, the market is still oscillating within a range. Although there was a short-term rebound and a close above the previous day's closing price, the rebound strength was not significant, and the overall trend remains weak. BTC: The current 4-hour Bollinger Bands are opening downwards and continue to decline. Although there were two consecutive positive candles, the trading volume was not significant. The daily chart still shows a bearish trend, with each rebound being a better opportunity for further downside exploration. The low point also continues to move lower. The intraday strategy is to maintain a bearish outlook on rebounds. The immediate resistance is near 61,600, and the immediate support is near 59,500. ETH: Currently, it is at a key support level on the daily chart. If it effectively breaks below 2,850, the next target will be the support zone of 2,680-2,720. The immediate resistance is near 2,970.