Analyst Liang Qiu: On May 10, BTC and ETH both successfully pumped, with a midday market analysis attached.

BTC ETH laid out a pullback long idea again last night, and during the early session, the market successfully reached the target during the pump process. Congratulations to the friends on the root. Currently, the weekend market is again tending to fluctuate, with the overall trend still leaning towards strength. The four-hour level has also entered the consolidation phase after the pump. As long as the support at 10.2 and 2260 is not broken, the market still has the potential to form a continuation trend during the upward move. However, the short-term pump has been too aggressive, and there is a certain need for adjustment over the weekend. There's no need to excessively chase after rising or falling prices; just focus on the trend wave.
Since Bitcoin broke through the 100,000 mark, the pullback strength has been relatively small. Technically, the RSI index is in the buying zone but has not reached the extremely overbought state; the MACD indicator shows strong bullish momentum, and a moderate adjustment may be needed in the short term. Currently, Bitcoin is running above all major moving averages, with a strong upward trend. The daily line has consecutive positive closes without breaking the low, and we will continue to pay attention to the support below.
Ethereum has experienced significant volatility, breaking out of several months of consolidation driven by Bitcoin surpassing $100,000, with buying pressure increasing. From a technical perspective, the RSI is in the buying zone but not yet at extreme overbought levels, the MACD indicator shows a clear bullish momentum, and the price has broken through major resistance levels. The upward trend is expected to continue, but a short-term adjustment may be needed to digest the gains.
After Bitcoin breaks the $100,000 mark, it may fluctuate and consolidate in the range of 99,000 to 105,000 in the short term, with institutional support in the long term. Ethereum, with successful upgrades and rising prices, has short-term targets looking at the range of 2,500-2,700, and in the medium term, it is expected to challenge the 3,000 mark, but attention should be paid to the risks of pullback due to overly heated market sentiment and overbought technical indicators.
It is recommended to operate BTC: from 10.2 to 10.25, with a target of around 10.4 to 10.45; ETH: from 2290 to 2310, with a target near 2380. A short position can be entered above 10.45 and near 2400, prepare for fluctuations.
[The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Please refer to real-time information for specifics.] #Launchpad 首发上线 PFVS# #BTC即将创新高吗？# #加密市场反弹#