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The latest news from the Fed keeps interest rates steady, and the market mostly expected no rate cuts, resulting in minimal pullbacks. As we mentioned, it’s a stair-step downtrend.
Bitcoin's drop has three phases, from 78000 to 76000, breaking down to the current 74000. The probability of it not holding here remains high, with market sentiment low. If it goes further down, it’ll test support around 71000; don't try to catch the bottom and go long.
Ethereum clearly bounced back to around 2430, which is a good entry point for short positions. Just a heads-up, it peaked at 2404 before starting to drop. Currently, support is near 2200, and in a spike scenario, it’s expected to hit around 2180. This level is where to exit short positions and lock in profits while waiting for a new trend to form.
Wishing everyone a happy May Day holiday! While busy with work, take care of yourselves; health is the most important thing.
{future}(ETHUSDT)
#BTC走势分析
#ETH trend analysis
Bitcoin's drop has three phases, from 78000 to 76000, breaking down to the current 74000. The probability of it not holding here remains high, with market sentiment low. If it goes further down, it’ll test support around 71000; don't try to catch the bottom and go long.
Ethereum clearly bounced back to around 2430, which is a good entry point for short positions. Just a heads-up, it peaked at 2404 before starting to drop. Currently, support is near 2200, and in a spike scenario, it’s expected to hit around 2180. This level is where to exit short positions and lock in profits while waiting for a new trend to form.
Wishing everyone a happy May Day holiday! While busy with work, take care of yourselves; health is the most important thing.
{future}(ETHUSDT)
#BTC走势分析
#ETH trend analysis
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