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Market analysis for BTC/ETH/SOL/DOGE on May 5, 2025, at 10:37 AM.
A new week begins on Monday, and Bitcoin has directly delivered a drop of $4,400, pulling back from the Friday night high of 97,865 to 93,445, resulting in a pullback of 4,400 points. For those chasing the bullish trend, it must be quite frustrating!
BTC attention
Support 93150-93500/91700/89500
The pressure is temporarily set at the 95800/97000 line.
Since the early morning analysis released by S哥 on Saturday, it has been emphasized not to chase highs, because the 97000 level was suppressed after a spike on Friday night. Until it breaks through, we can look for signs of a drop in volume around the 97000+ level. This was discussed in the video analysis and morning briefing on Saturday, which everyone can review. Currently, BTC is consolidating around the 93911 level. Pay close attention to the gains and losses at 93911 during the day; this is a key point!
ETH attention
Support 1753/1675/1630
Pressure temporarily set at 1835
The key levels at this moment are 1775/1753, which should be closely monitored for trading opportunities!
SOL focus
Support 133-137/109
Pressure 167
After SOL broke through 133 last week, the advice given to everyone is to focus on the opportunities with BTC/ETH, as the opportunities for SOL have weakened, allowing it time to recover!
DOGE attention
Support 0.1615/0.1515
Pressure temporarily set at 0.178-0.18
Follow the trend of BTC and wait patiently!
In terms of operation: for intraday contracts, make quick entries and exits. At this moment, do not discuss the overall pattern. Those who can take advantage of the opportunity are in line with the rhythm of these past two days. Anyone fantasizing about the overall pattern in these two days is just a speculator. Do not go against the trend; the premise for making profits is to ensure the safety of the principal as much as possible!
Safety is always the first priority in trading. For spot trading, patiently wait for the daily candles to pull back. After the recent dip near the 74500 level for BTC, the price has rebounded for 24 days from the recent high. A small to medium-term cycle has performed very well. At this moment, giving it some time and maintaining patience to wait for the pullback to be in place is a good choice for spot traders!
#GT#