$BTC $ETH 5 May 4th Midday View

Bitcoin, expected range 96500-95000, anticipated movement is oscillating downwards; today is Sunday, with no news-driven momentum, and tomorrow Monday also has no important data events.

It is expected that today's volatility will be very small, exhibiting an oscillating bearish trend.

【Outlook for Next Week】

① Since there are no important data/events on Monday, Tuesday, and Wednesday, it is expected that the volatility will decrease, resulting in oscillating movements caused by existing capital tug-of-war.

② The most important events next week are the Federal Reserve's interest rate decision (expected to keep rates unchanged) and Powell's press conference (expected to be dovish, which is bullish), which will determine the major direction of the market;

③ In the long term, the bull market is nearing its end, for altcoins and spot trading, a rebound in the next one to two months may approach 30%-50% of the decline since December.

Bitcoin: Aggressive traders can take light positions in the range of 96500-96000, targeting 95000, with a stop loss set at 97300;

- Ethereum: In the range of 1840-1860, targeting down to 1780, with a protective level at 1890.

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