The battle in the crypto market is in full swing this May: Bitcoin hits a new high, Ethereum is poised for a breakout, and with the altcoin season approaching, be cautious in selecting coins!

CN
14 hours ago

Tracking real-time hotspots in the cryptocurrency world and seizing the best trading opportunities, today is Friday, May 23, 2025, I am Wang Yibo! Good morning, crypto friends! ☀️ Die-hard fans check in 👍 Like to make big money 🍗🍗🌹🌹

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As dawn breaks, the crypto market welcomes a brand new day full of opportunities! The heat of the crypto market in this red May continues to soar, with Bitcoin taking the lead, strongly breaking through the $110,000 mark, refreshing its historical high at $111,931. After a brief volume contraction and pullback, both bulls and bears engage in fierce battles on this digital battlefield, igniting market sentiment and keeping the heat high. The consecutive explosive rises of Bitcoin and Ethereum are like the sounding of a charge, releasing a strong signal — the true altcoin season is roaring in!

However, behind the prosperity lies hidden crises. The current market sector rotation rhythm is becoming increasingly tight, with rapid shifts in hotspots. But it is worth noting that the brutal elimination mechanism of the crypto market has never ceased. Once hot altcoins like atom, op, arb, fil, ar, luna, om, etc., have now quietly exited the stage, some even delisted by trading platforms. The reason lies in the rise of emerging tracks that have completely reshaped the market landscape, causing old tracks to gradually lose competitiveness; some projects frequently unlock tokens, leading to an imbalance in market supply and demand; and some projects face explosive crises, causing their reputations to collapse instantly. All of this warns us that although the altcoin season has arrived, selecting coins cannot afford any carelessness. A slight misstep may lead to a trap of value dropping to zero. Closely monitoring market dynamics and keeping up with industry trends is the key to victory. If you want to grasp real-time information in the crypto market and accurately seize investment opportunities, remember to keep following Yibo, allowing a professional perspective to safeguard your investment journey!

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Looking back at Bitcoin's performance last night, it was a thrilling market spectacle. The price first experienced a slight pullback, then oscillated upward, as if gathering strength. In the early hours, the bullish forces made a strong push, breaking through resistance and refreshing the historical high to the $111,931 line. However, "the higher you go, the colder it gets," and after the surge, it did not continue to rise but quickly pulled back. Fortunately, the $110,700 level acted like a solid defense line, successfully holding the support, and then a rebound began, with the current price running around $111,511. Recently, the bullish forces have shown absolute dominance, continuously pushing the coin price to create new highs, and their strong momentum is noteworthy.

It is worth noting that every time Bitcoin surges, it is accompanied by a pullback, but the key psychological price level of $110,000 shows strong support, like a solid fortress, defending the bullish territory time and again, also demonstrating the market's high recognition of its value. From a technical analysis perspective, the four-hour technical chart shows that both Bitcoin and Ethereum maintain a high-level oscillation pattern. The K-line body is relatively small, intuitively reflecting that both bulls and bears are in a stalemate, with neither side able to establish overwhelming dominance for the time being. Meanwhile, the upward pace of technical indicators is gradually slowing down, which means that in the short term, although the bulls have the upper hand, it is not easy to see another significant surge in the market. In the hourly chart, the oscillation characteristics are more pronounced. The Bollinger Bands indicator is narrowing significantly, and the price fluctuation range continues to shrink, indicating that the market is in a consolidation phase, about to welcome a new round of directional choice.

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Compared to Bitcoin's violent fluctuations, Ethereum's performance is also not to be underestimated, showcasing a strong posture. Throughout the day, the price surged forward, with hardly any significant pullbacks, reaching a high of around $2,692. Each brief pullback quickly rebounds to recover lost ground, demonstrating the strong resilience of the bullish forces. From the current trend, Ethereum quickly stabilized and rebounded after testing the lower support, maintaining an overall oscillation pattern. During the oscillation process, neither the highs nor the lows achieved effective breakthroughs, indicating that the market is in a consolidation phase. As the volatility gradually narrows, the momentum of both bulls and bears is in a stalemate, making it difficult to form a one-sided trend in the short term.

It is noteworthy that the recent oscillation center of Ethereum is showing a gradual upward trend, and each pullback is limited, laying a bullish tone for the subsequent trend. Therefore, it is expected that after the current consolidation phase ends, Ethereum will likely continue its oscillation with a bullish bias. However, investors still need to remain vigilant and closely monitor the risk of a trend change after a breakout from the range. Especially as the key time window approaches, market volatility may further intensify, and the uncertainty of the market will increase accordingly. In terms of operational strategy, given the current market environment, it is recommended that investors maintain a short-term trading mindset, accurately grasping the band opportunities within the range. Before the direction is fully clarified, avoid blindly positioning for trends, and patiently wait for the market to provide clear signals before formulating the next investment plan.

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If you are feeling lost — not understanding technology, not knowing how to read the market, unsure when to enter, not knowing how to set stop losses, not understanding take profits, randomly increasing positions, getting stuck at the bottom, unable to hold profits, missing out on market movements… these are common problems for retail investors. But don’t worry, I can help you establish the correct trading mindset. A single profit is worth a thousand words, and finding the right direction is better than repeatedly failing. Instead of frequent operations, it’s better to strike precisely, making each trade more valuable. If you need real-time guidance, you can scan the QR code at the bottom of the article to follow my public account. The market changes rapidly, and due to the timeliness of reviews, subsequent trends will be based on real-time layouts. I look forward to moving steadily forward in the market with you.

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