5.8BTC/ETH Market View:
Bitcoin saw another surge this morning, rebounding to a peak of 98,350. It's safe to say that the bulls are unstoppable! The Federal Reserve's interest rates remained unchanged in the early morning, which did not trigger any extreme market movements. The pullback only went as low as 95,700 before reversing and rebounding. Throughout the day, continued pullbacks should be viewed as bullish opportunities. It appears that a six-figure Bitcoin is just around the corner this week!
Bitcoin has seen three consecutive daily candles closing in the green. The upper resistance is at 100,500 and 100,800, so there is still room for upward movement. The KDJ indicator shows a bullish crossover, while the RSI is turning upwards, indicating strong bullish momentum. In the 4-hour chart, the price surged directly past the upper resistance, with the MACD showing increased bullish volume, KDJ moving up, and the RSI turning upwards. It has broken through the previous high of 97,800. Any slight pullbacks during the day should be seen as buying opportunities, especially since Powell's speech in the early morning confirmed the Federal Reserve's interest rates without any extreme market fluctuations or spikes, avoiding any panic selling scenarios.
Key support levels to watch are at 97,300 and 96,800, followed by 96,000. The lowest pullback this morning was at 95,700. As long as the pullback does not break below 95,000, consider entering long positions, with targets set at 98,500, 99,500, and 100,500.
Ethereum's performance is slightly weaker, showing some hesitation and fatigue. However, if Bitcoin continues to rise, a catch-up rally for Ethereum is just a matter of time. Key support levels to watch are at 1,810, 1,790, and 1,770, with bullish positions around these levels. Targets are set at 1,840, 1,870, and 1,900.
The above is just a personal opinion and does not represent certainty. Please view it rationally and use it as a reference! Always remember, risk management is key! #美联储FOMC会议 $BTC