๐ Bitcoin Pizza Day is Almost Here!
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Event Duration:
May 16, 2025, 8:00 AM โ May 23, 2025, 06:00 PM UTC
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Market analysis for today
BTC
Flatbread broke through the daily pressure at six o'clock in the morning and rushed directly to the top pressure of 97700, it is really everyone who sees the rebound when the dealer does not let us get our wish, last night I watched the four-hour level rebound, thinking about rushing to 95000-96000 almost, I didn't expect him to rush directly to the top of the daily line pressure in the morning, it is really a livestock, today pay attention to two news noodles at 17:30 in the afternoon Aunt Taifang upgrade, this upgrade is not too significant, brothers avoid this time period to make a single can, The more important thing is the Federal Reserve interest rate decision at two o'clock in the morning, two situations: one is to keep the interest rate unchanged, the market will continue to pull back and consolidate, and the other is to cut interest rates. Small-level support first look at 96000.Fall below this position near 95200, as long as the four-hour closing line does not fall below 95200 disk to see the daily line is still a bullish trend, only the four-hour closing line again falls below 95200 disk will be weakened, intraday long and short support can have been 95200 this price as a reference,
ETH
The concubine just hit the pressure at 1850 and started to retreat. The small-level support below is in the range of 1815-1800. As long as this range is not broken during the pullback, the bullish momentum remains. The upper pressure continues to look at 1850 and 1870. Only by breaking through these two pressures can the market enter a bullish trend. If the four-hour level closes below 1800 during the day, the four-hour rebound will end, and the target below will continue to look at the support range of 1750-1730.
SOL
Although SOL surged for a moment, it has not stabilized above the 148 resistance level on the daily chart, and the overall upward momentum has weakened, with support at 145 below. If the four-hour level closes below 145, this rebound will end, and the next support target will continue to look at 140 and 135. For the bulls to have strength, at least the four-hour level must close again to break through 148 to have a chance to test the resistance near 153.