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Market analysis of BTC/ETH on 2025.5.29 at 9:53 AM
This night saw a plunder of 1.7 billion CNY, with 84,252 people going bankrupt to zero, which is a very normal statistic. However, unfortunately, many still belong to this group. The reason lies in the issue of position management; if positions are not controlled, it's like driving a car without brakes or sailing a long distance without a compass!
BTC attention
Support 104750/102403/100000
No pressure
In the past two days, BTC has not performed as well as ETH. After a period of stagnation, a lot of capital has flowed out of BTC to speculate on ETH, which has resulted in a significant profit effect for ETH in the last couple of days. BTC's performance is increasingly struggling, which is closely related to the directional choices BTC must face. Based on the current bottom support trend line and resistance level, BTC will definitely have to choose a new direction around the beginning of next month!
Today, pay attention to the strength around the key level of 106500!
ETH attention
Support 2585/2460-2480/2403
No pressure
After stabilizing above the daily K's ma250, 2851 can no longer be resisted; the demand for touching it or even breaking through is increasing!
In terms of operation: take the opportunity to act, leave 1-2 chances for averaging down, don't hesitate. After 1-2 rounds of averaging down, if there is still no ultra-short-term right-side trend, it's not too late to stop loss. There is no 100% in operation, so make small trades to test and take action when the opportunity arises!
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