May 8th Evening Position Analysis:

Good evening, brothers! Your familiar and somewhat unserious analyst Qianshan is back to chat with you all again.

Today, the daily line shows a fluctuating doji star. After a quick rise stimulated by positive news at 6 AM, the market has been in narrow fluctuations all day. The funds are waiting for tonight's news. At 2:30 AM, old Powell will hold a monetary policy press conference. Currently, he is under significant pressure regarding interest rate cuts due to tariff issues. If there is a rate cut, we will see a massive surge; if there is a rate hike, it will result in a significant crash. Whether there will be a cut or not depends on his statement. However, based on his character, he will likely play it safe and not give a clear answer! In light of the news, brothers, pay attention when making trades. It's best to avoid short positions and wait for the market to show direction before taking action; after all, we can afford to wait until tonight, right? Observing carries no risk, and protecting our capital is the most important thing! Everyone, please be careful. Just now, 1 billion USDT was minted on the TRX chain; this is a solid piece of good news. It's time for the gamblers to start betting again. Let's refuse to gamble recklessly, starting with ourselves!

Bitcoin resistance levels: 97700, 98500, 99400

Support levels: 96200, 95300, 94400

Ethereum resistance levels: 1848, 1872, 1900

BNB support levels: 605, 610, 614

Resistance levels: 597, 592, 588

Solana resistance levels: 149, 151, 154

Support levels: 142, 140, 138

Brothers, I will be posting two position analyses daily in the square at irregular times, corresponding to the daytime and evening markets. If you like my position analyses and find them helpful, please support me by liking and following me. Thank you! $BTC