2025.5.7 Early 10:15 BTC/ETH Market Analysis
This night plundered 2.2 billion CNY, 127,422 people went bankrupt to zero! The market was weak on Monday and Tuesday, and many were chasing shorts! Last night, a wave took everything away, and it’s easy to get washed out without a clear trend!
BTC Attention
Support 93911/92255/91700
No pressure at the moment
The key point 97250 is today’s key point, keep an eye on it. A volume break followed by a decrease in volume for a retest confirms that shorting is no longer viable. If this kind of trend occurs, last night’s short position should consider a stop loss! Last night’s long positions have retained some base positions, which have now gained a space of 3000 dollars, so it is crucial to keep base positions!
ETH Attention
Support 1750/1700
Temporary pressure at 1875
The current key point is consistent with BTC, at the 1835 line, similar to BTC's 97250 line, with a consistent thought process!
Operations: Short-term speculation, continue to retain base positions for speculation, do not position all funds, do not exit with no capital protection, otherwise a reversal could lead to significant losses!
Major Events: ① The People's Bank of China cut the reserve requirement ratio by 0.5 percentage points this morning, expected to release long-term liquidity of 1 trillion, and today the A-shares will definitely surge! This will boost Asian sentiment, and this morning's surge is likely a response to the China-US game, as the market is optimistic about policy intervention!
② The Federal Reserve's interest rate decision will be announced at 2:00 AM tonight, which is a highly anticipated event. China has already made its move; it’s up to the US to respond. Even if the Fed does not cut interest rates, it cannot keep making hawkish statements!
In short, this wave of competition seems to force the central bank to take action, so the fundamental market conditions for the second half of this year and next year will not worsen significantly. Don’t worry too much about the future. Every major economic cycle is an excellent opportunity for wealth transfer and the birth of new millionaires. Are you ready?
