๐ Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
๐
Event Duration:
May 16, 2025, 8:00 AM โ May 23, 2025, 06:00 PM UTC
๐ฏ How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related โ here are some ideas:
๐น Commemorative:
Look back on the iconic โ10,000 BTC for two pizzasโ story or share your own memories with BTC.
๐น Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Market analysis for today
BTC
Currently, Bitcoin has surged to 105000 and is starting to pull back. The upward momentum is not very strong, and we should first look at the four-hour support level at 103500. As long as the four-hour chart does not break below this level during the day, the bullish upward pattern remains intact, and we can continue to pay attention to the resistance above at 105000 and 106500. If it can surge near 106500, one can start to attempt to build a medium to long-term short position with 20x leverage at 1% of the position size. If the four-hour closing line breaks below 103500 during the day, it indicates that the four-hour upward wave has ended, and the market will test the support bottom of the range at 102300 again. Only if it breaks below this level will the pullback strength become significant, with lower target support looking at 101000, 100000, and 98826.
Auntie is really crazy, breaking 2550 pressure without any hesitation, the first time such a high increase since last November. Let me first mention that Auntie's monthly line hasn't surged up yet; simply put, the monthly line is still in a bearish trend, with upper monthly line pressure at 2700. The weekly segment top pressure is at 2850. The market is about to reach these two pressure points after a surge, and I've added to my short position around 2800 for Auntie, pulling the average price down. Everyone should ensure that after adding positions, they guarantee strong liquidation above 3000. For intraday small-level pullbacks, support is seen around the 2488.2465 range. If this range holds, the market will continue to see top pressure at 2606.2700. Only if the four-hour closing line breaks below 2465 will this four-hour upward segment be considered over, and the pullback intensity will increase. The lower target support can be seen around 2330, with a break point at 2270.2186.
SOL
SOL has just reached a monthly resistance level at 180. This resistance remains valid for now, and we should first look for support at 173. Only if the four-hour close drops below 173 will this four-hour uptrend be considered over, with further support at 168 and 160.