The computing power has dropped sharply in the past two days. It can be seen that the halving has halved the profits of miners.

Why do miners always transfer money to dump the market after each halving? The reason is that the cost has doubled, and miners have to survive. What else can they do but sell the coins?

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The good news is that the mining industry is in full swing, which often heralds the emergence of a stage bottom. Once the miners have sold off all their coins, the market for the altcoins will pick up.

BTC：

BTC fell below the 5-day line and weakened. The hourly line peak lowered and faced resistance selling pressure. The upper $62,308 is the key point of the M head. BTC needs to break through $62,308 with a large volume to break the deadlock of shock and further rush higher. With the weakening of long volume, BTC will rise and test $62,308 next.

Resistance: 62308, 64566, 65273

Support levels: 60724, 59587, 58436图片

ETH：

The abnormal movement of whale addresses has played a role in the expected selling pressure on ETH. ETH bottomed out along the 5-day line. The upper $3052 is the key point of the resistance line formed on April 29 and May 6. ETH can enter a bull rebound only after confirming the bottom at $3052. Next, ETH will rise and test $3052.

Resistance: 3052, 3136, 3233

Support levels: 2968, 2905, 2842图片