The MACD turning point of Bitcoin's daily chart has shifted upwards, yet the trading volume has not shown significant changes. Ethereum remains pressured below $1850. From the current shape and indicators, the market presents a volatile trend, with both bulls and bears still battling within the range.
In the morning session, influenced by news of China-US trade negotiations, the market experienced an upward surge. At this time, it's worth recalling the age-old trading mantra: sell when there’s a big rise in the morning.
It is expected that the market will experience a shift when Federal Reserve Chairman Powell speaks.
However, the possibility of an interest rate cut in May is very low, putting pressure on Trump’s side.
If there are no unexpected changes, it will also be difficult to cut rates in June, which may put Trump in an unfavorable position in related matters.
