2025.5.8 Daytime Market Analysis

The news is somewhat favorable, and there is still a possibility of interest rate cuts by the Federal Reserve this year. Based on market factors, Powell's speech indicates that high inflation suggests rates won't drop that quickly. However, domestic interest rate cuts and reserve requirement reductions do not have a significant impact on blockchain, but in the long term, they are related to the economy (trading market, real estate, bond market, favorable correlations).

General Direction: The only negative factor is the tariff issue. There will be slight adjustments and fluctuations at high levels in May and June. When Bitcoin corrects, other altcoins will drop quickly.

On that day: Ethereum is in a one-hour range fluctuation. Bitcoin has broken down, creating a divergence. During the day, the initial view is bearish then bullish. For the fluctuations, short Ethereum, go long on Bitcoin, and overall, the outlook is bullish today.

Resistance levels: 1870, 1930, 98900, 100000

Support levels: 1800, 1780, 96000, 95000

Ethereum for the day: Yesterday's major upgrade was successful. In the live room, the current price is above 1820 for long positions. Longs at 1800 and 1790, stop loss at 1775, take profit at 1860, 1890, 1930 (Ethereum has a high probability of breaking the range and hitting the daily golden line).

Bitcoin for the day: Start paying attention at 96500, long positions at 96200, 95500, stop loss at 95100, stable take profit at 98500, take profit at 99500, and 100000. Bitcoin still has one more acceleration spike upwards.

For reference only, manage positions and control risk. For reference only #比特币 #以太坊合约 #btc #eth