25/05/01 BTC fluctuated and broke through, new moon rebounded upwards, Ethereum welcomed a补涨
Last night, the beautiful valley opened low and closed in the red. During the day, I also said to continue to look bullish. Tonight's opening is high, and by the time of writing, the Dow is up 0.89%, NASDAQ 2.52%, S&P 1.44% breaking through the high point of the 9th big bullish line can only continue to look for a rebound at 0.886 or below the rising trend line.
The only concern for the young master is that the US dollar index's lowest dip at 97.92 has been fluctuating at the bottom for 20 days with an upward rebound momentum, pressure at 102.
Bitcoin
In the afternoon, the rebound broke through the 95700 pressure with a maximum of 96734, which also broke through 0.618, but the key pressure is still 100000. Yesterday I mentioned that from the wave theory perspective, even if the short-term can continue to break through, it won't go high, and there’s a possibility of falling back after the breakthrough, then continue to rebound.
The new moon opening upward rebound is also a good sign, the weekly line stands above the BOLL middle track support at 91500, maintaining this price above is relatively safe. The daily line is above multiple moving averages, and later pullbacks continue to look bullish.
Support: 89500—91500—92800
Pressure: 100000—102000
Ethereum
Ethereum has been fluctuating in a narrow range for 9 days without breaking through, but still looking for补涨, not much to say. As for altcoins, yesterday mentioned SUI, SOL, STX looking for opportunities after a pullback, DOGE, SHIB, ENA, LTC, ... can also be watched for opportunities.
