▎Cryptocurrency Market Analysis: Strategies for BTC and ETH (16 May 2025)

▎Market Overview

On the 4-hour chart, Bitcoin and Ethereum are demonstrating volatility with signs of correction. Technical indicators suggest a possible continuation of the correction, but key support and resistance levels remain crucial for determining entry points.

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▎Bitcoin (BTC)

▎Levels on the daily chart:

• Resistance:

• 104,000 – key level. A breakout upwards with holding will open the path to 105,800, then 106,200 and 108,600.

• 104 314–105 670 (4-hour chart) – sales zone.

• Support:

• 102,500 – the first level. Holding above may lead to recovery.

• 101 400, 100 700, 99 000, 97 900 – the next targets on a downside breakout.

▎Trading recommendations:

• Sell on the rise at 104,000, stop-loss above 105,000.

• On the 4-hour chart, volumes are decreasing with the rise, indicating weakness.

• MACD (4–12 h) shows the absence of a stable trend – correction is likely.

• Short positions on the rebound from a double top or key resistances (15–30 min timeframes).

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▎Ethereum (ETH)

▎Levels on the daily chart:

• Resistance:

• 2580–2565 – sales zone. A breakout above 2580 with hold will open the way to 2650, then 2750, 2860, and 3000.

• 2632–2676 (4-hour chart) – pressure.

• Support:

• 2400 – first level.

• 2270, 2100 – key zones. Holding above 2100 may reverse the trend upwards.

▎Trading recommendations:

• Short below 2565–2580, stop-loss above 2605.

• Upon breaking 2580 with consolidation – consider longs to 2650.

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▎Technical Insights

1. BTC:

• The 4-hour candle after the "double top" correction remains in the high volatility zone.

• The Lip Indicator on small timeframes (<1h) signals a downtrend.

2. ETH:

• Volumes and MACD indicate a possible correction before a new movement.

Important: Use stop-losses, manage risks, and avoid blind entries at peaks.

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