Pancake, Ethereum, standing firm, is this the strong institution protecting the market?
Bull News: Bitcoin is currently priced at $93,965, up 0.9% in 24 hours, Ethereum at $1,779, up 2.0%! Trading volume surged by 30% to over $42 billion, with the cryptocurrency market cap exceeding $3.1 trillion! Trump suspends tariffs for 90 days, a bull market celebration, strong institutions hold the line, $BTC and $ETH remain bullish!
How do strong institutions protect $BTC and $ETH?
Institutional support: On-chain data shows that BlackRock and Fidelity ETFs had an inflow of $980 million yesterday, MicroStrategy bought an additional $100 million in $BTC, institutions are firmly holding $93,965 for $BTC and $1,779 for $ETH!
Tariff suspension benefits: Trump suspends tariffs for 90 days, a trade agreement is expected within 3-4 weeks, global funds are flooding into $BTC and $ETH, sparking discussions about the rise of “safe haven + DeFi dual kings”!
Pectra upgrade boost: On May 7, the Pectra upgrade optimized EVM, increasing on-chain trading volume by 40%, with $1,779 hitting $1,800!
Market sentiment is soaring: Fear & Greed index at 74 (extreme greed), all $BTC holding $93,000, $ETH building momentum at $1,800, shouting that the bull market is about to explode!
How to read K-line? How will it move?
$BTC 4H: $93,965 touching the upper Bollinger band, MACD golden cross, RSI at 67. Support at $93,000, resistance at $95,000. Trend: Institutions protecting the market, aiming for $95,000!
780175824634H: $1,779 steady at the middle Bollinger band, MACD golden cross, RSI at 64. Support at $1,750, resistance at $1,800. Trend: Upgrade support, aiming for $1,800!
Should we buy the dip?
$BTC: Buy at $93,000, stop loss at $92,000, target $95,000.
$ETH: Buy at $1,750, stop loss at $1,720, target $1,800.
Keep an eye on ETF inflows and Pectra dynamics, don’t FOMO! Q3 bull market heat, is $BTC reaching $100,000 and $ETH $2,000 possible?
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