Market analysis on May 7

I. News

1. Trump's tariffs have been eased, and the East has agreed to hold talks with the United States. This is a key event, and the content of the subsequent talks can affect the market trend again to a certain extent.

2. The Federal Reserve's interest rate meeting at 2 a.m. in the evening, the probability of a rate cut in May is very low, and the probability of negative news is relatively high, but the main focus is on the layout of the rate cut in the second half of the year in the speech, and the content of the speech is the heavyweight.

II. Market analysis

1. #BTC is currently quoted at 96600. Affected by the news at 6 a.m., it rushed from 94500 to the previous high of 98000, but from the volume, it can be seen that the main force is still waiting and waiting for the early morning meeting. In terms of form, the high point is tested twice, and the edge of the channel is pulled back again, which can also be regarded as a 2B structure. The main focus during the day is the price behavior of the high point, and the resistance is 98500-99500. Once it effectively falls below 98000 again, it can be regarded as exhaustion to participate in short orders.

2. #ETH is currently quoted at 1825. The market adjusted in tandem. Yesterday, it just stepped back to the key position below. The 4-hour EMA and the daily Boll middle track formed effective support for a rebound. So there is a positive upgrade for Ethereum during the day. Although it is not optimistic, it is not recommended to short directly. In the short term, it has broken through the trend suppression brought by No. 1 and is expected to move up again. Resistance is around 1940.

3. Intraday operation reference

98800-99500 short stop loss 101000 take profit 96000, 93000

95500-96000 long stop loss 94000 take profit 97500, 98000

1810-1815 long stop loss 1790 take profit 1850, 1870

1940-1950 short stop loss 1980 take profit 1900, 1870