Market Analysis on May 3

I. News

1. Last night, the two sets of 5-star data did not have a significant impact on the market, indicating that we have reached a critical period while waiting for the attitude of the rate meeting on the 8th.

2. Trump continues to speak out on tariffs and interest rate cuts, increasing short-term uncertainty.

3. Non-farm employment is strong, and the market expects the Federal Reserve to cut interest rates in July.

4. The U.S. stock market rose strongly and may fluctuate between 5800-5500.

II. Market Analysis

1. #BTC Current quote 96400. Last night, the attempt to rise to 98000 was unsuccessful, and the price fell back. From the daily chart, there are signs of price exhaustion. The current market is also operating as expected. Next, we will focus on whether 95000-98000 will form a pullback head. Overall, the daily level is still in a bullish trend. Looking at the continuation adjustment, further continuous tracking is needed. If the lower level of 88000 does not break, it remains valid. In the hourly intraday long-short ratio, bulls occupy 60%. Short-term resistance is at 97500-98000, and support is at 95000-95500.

2. #ETH follows the adjustment of the main index. It tested the high of 1870 again in the early morning and fell back to around 1825. In the short term, pay attention to whether the double top from the two tests will break the neck line to form an M-top, causing further price adjustments. In the mid-term trend, the lower EMA support is at 1762-1756. Subsequent pullbacks can still be entered, but in the daily MA60 moving average, the closing prices of the past two days have been above it, marking the price at 1825. Before it effectively breaks down, bears need to be cautious of a rebound up to around 1950. Short-term support is at 1825, and resistance is at 1860.

3. The weekend saw volatility in Bitcoin, pay attention to the opportunities provided by Ethereum, as well as the various altcoins making up for gains. Based on past experience, some altcoins may take this opportunity to make a stretch, and we can pay attention to the right-side adjustment of PEPE's daily double bottom.