After Bitcoin briefly broke through the monthly K MA10 support in early April, it rebounded all the way back above 90,000. (Due to repeated news about Trump's tariff policy, the market has been affected, resulting in a bull reversal. However, whether Bitcoin can break through this year's new high again depends on whether the Federal Reserve's interest rate cuts in May and June meet expectations. Currently, Bitcoin faces strong resistance at the 105,000 level. If it breaks this year's new high of 110,000, it will rise again, and reaching 130,000-150,000 is only a matter of time. Conversely, if the Federal Reserve's rate cuts in May and June are insufficient and the market lacks strong buying, the market will again return to a correction. The specifics need to be judged based on market news.)
After the update at the weekly K level, there have been five consecutive bullish candles, and the price has run above the 30-day moving average (MA30). The current 5-day moving average (MA5) is turning upwards, indicating strong bullish rebound sentiment. However, the only risk is that the price is close to 4000-5000 points above the MA5. It is expected that there will be room for a correction this week; as long as the price cannot effectively break below the 90,000 mark, the trend for this month should not be too bad.
From the daily perspective, the current short-term MA is slightly suppressing the price. Coupled with the MACD and KDJ indicators leaning toward a correction, the short-term daily level resistance is around 95,200-95,600, which has strong selling pressure. If the price rebounds but fails to stabilize above, any resistance above should be viewed with a bearish outlook. Recently, after the May Day holiday, the market has shifted toward high-level fluctuations, so for the early morning of May 7, my personal view is to maintain a short-term trading strategy with a focus on short positions.
Trading strategy: Bitcoin: 95,200-95,700 short; target: 94,000-93,000; spike to watch at 91,500; stop loss: 96,200.
Although Ethereum's short-term trend is in sync with Bitcoin, it has experienced six consecutive bearish monthly candles. The overall trend is quite disappointing, so the consensus view can take a rebound approach with a focus on short positions.
Trading strategy: 1785-1810 short; target: 1750-1720; stop loss: 1830.
For the short term, let's look at this first; further updates will continue.#美联储FOMC会议 #加密市场回调