Bitcoin and Ethereum Market Analysis on May 14th: BTC, ETH Highlights Today
Market Review
BTC slightly pulled back yesterday but maintained an upward trend, with a healthy momentum. After stabilizing, it is expected to continue rising. Recently, focus on fundamental information and the Federal Reserve's interest rate cut process. Intraday expectation is for a sideways consolidation to prepare for subsequent increases. On the larger cycle, the weekly golden cross has formed, and a new round of market movement is expected to start
The secondary market followed BTC's synchronized rise, with a volume increase in the early morning, touching the 2700 resistance zone. Intraday expectation is for a mild pullback and consolidation, with hopes of continuing to rise after stabilizing
Altcoins rose in sync with mainstream cryptocurrencies, with some coins showing good gains. However, market sentiment remains low. Considering following the stabilization of mainstream coins. Binance has been hosting frequent activities, with ongoing Alpha point events where points can be accumulated while waiting for the next event. SOL's on-chain activity continues to rise, and MEME coins are worth paying attention to
Today's Highlights:
BTC's 1-hour and 4-hour levels maintain a healthy level, while the daily level enters an overbought zone. Intraday expectation is for sideways consolidation. Intraday lower support is 102000-102500, with upper resistance at 104500-105500
ETH's 1-hour and 4-hour levels maintain a healthy level, while the daily level enters an overbought zone. Intraday expectation is for sideways consolidation. Intraday lower support is 2500-2550, with upper resistance at 2700-2750
