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▎Market analysis of BTC/ETH — May 8, 2025
▎Technical analysis of BTC
📊 Moving averages (EMA):
• EMA7 and EMA50 form short-term support.
• An ascending channel is observed on the 4-hour chart, but the high divergence rate of EMA120 indicates a risk of correction.
• The MACD shows a golden cross, but the momentum is weakening.
• RSI (54.41) — neutral-strong.
• The narrowing of the Bollinger Bands signals an imminent trend change.
📈 Long-term indicators:
• EMA (20/50/100/200) formed a golden cross, but the resistance has not been broken — confirmation of the reversal is required.
• The daily RSI (58) is neutral-strong, the 4-hour RSI (45) is weakening — the upward momentum is insufficient.
• A decrease in volume on the daily chart and a reduction in red bars on the 4-hour chart — a false breakout is possible.
🔴 Risks:
• False breakout, correction after growth.
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▎Market news and strategies
🚀 BTC reached $97K
• Upward trend from $74.5K to $98.3K, but divergence is possible in segment C.
• Strategy: Short positions in the $99.2K–$99.8K zone, stop-loss at $100.2K. After correction — calculation of Fibonacci levels.
📢 Key events:
• Bitwise has applied for an ETF for NEAR.
• OBOL launches a listing reward program.
💥 Sharp movements:
• Liquidations at $310 million, BTC has risen for the third consecutive day (+10K points), ETH — +300 points.
• Large players ( "whales" ) are active: 3422 BTC were transferred to the exchange, causing panic.
🎯 Trading recommendations:
• Long positions from $96.7K, target $98.4K+.
• Key levels:
• Support: $97.2K ( volume level ).
• Resistance: $99.6K–$100.6K (zone of strong pressure).
• Stop-loss: $99.888.
• ETH: Entry $1900–$1930, target $1800.
⚠️ Important:
• Control risks, avoid blind trades.
• The market is volatile - sharp pullbacks are possible.
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▎Result:
• BTC is in the overbought zone, a correction is possible.
• ETH is weakening, watching the support at $1900.
• Large players manipulate liquidity — caution on breakouts.
#BTC BitwiseNEARETF #OBOL
🔹 Follow the trend, protect your capital, avoid FOMO! 🚀