As BTC approaches 100,000 again, the 1inch team’s investment fund selling behavior may have a short-term negative impact on market sentiment, increasing selling pressure on BTC near the 100,000 mark.
Today, there is a lot of market information, but the focus is relatively concentrated, with the most attention on the Federal Reserve's interest rate meeting. The result was in line with expectations, with the May interest rate remaining unchanged. In Powell's speech, he expressed significant concern over tariff issues, pointing out that the current tariff policies may lead to rising inflation, slowing economic growth, and increasing unemployment rates. This statement is hawkish, and in response to questions about interest rate cuts and balance sheet reduction, he reiterated that decisions are based more on data, attributing all adverse impacts to tariffs. Therefore, the subsequent focus should be on the dot plot in June, from which more clues about monetary policy direction may be obtained.
During Powell's speech, the market briefly fell. However, soon after, Trump lifted Biden's lockdown plan, stimulating the risk market, along with positive reactions to negotiation news with China. It should be noted that although Biden's lockdown was lifted, the U.S. restrictions on Chinese chips remain in place, so this news has little substantive impact on China.
With the inflow of main funds supporting, market optimism is rising, and Bitcoin Auntie is surging today.
Today, Yumi's pullback continues to confirm the Silk Road, with Bitcoin collecting 3089, and Auntie 222. At the same time, new partners are participating in operations with Yumi, achieving mutual success.
This week's price movements are quite frequent, and the volatility of the market has indeed led to an increase in turnover rate, especially for short-term profit investors who have a lot of turnover space. However, BTC's price is still relatively stable, and without further positive or negative information, the probability of maintaining volatility may increase. If U.S. stocks can continue to rise in the evening, the probability of BTC following the rise of U.S. stocks will be very high.
After the UK and the US reached an agreement on tariff trade agreement terms, the market performed well, with Ethereum's sustained bullish momentum breaking through the 2000 level, and the upward trend becoming stronger. Bitcoin's response has been relatively muted, still hovering at high levels.
From the support data, the 950-980 area is still very solid, and earlier investors do not show much sign of participating in turnover, indicating that price stability is quite strong.
Yesterday, Ethereum underwent the Potala upgrade, the main content being:
1. The use of EIP-7702 transforms regular wallets into smart contract wallets, realizing account abstraction. 2. Doubles the number of blobs in each block, enhancing scalability.
3. Reduces L2 costs, but at the same time will also reduce Ethereum's mainnet income and ETH burn volume.
4. Raises the staking limit from 32 ETH to 2048, improving staking efficiency.
From a long-term technical perspective, this is very good news, but there is still short-term pressure on ETH.
Today, after Baipan's mastery of the situation, it is also necessary to guard against the possibility of Hangqin's decline. The short-term support looks at 990/1950, while currently it is continuously climbing. Bitcoin has returned to 100,000, Ethereum has broken through 2000, Bitcoin's 24h increase is 3.05%, and Ethereum's 24h increase is 10.3%.
This positive news undoubtedly increases investor confidence. The next pressure level to watch is whether the market can stabilize above 100,800/2000. If it stabilizes, it will continue to look up to 102,000/2100; otherwise, it needs to quickly drop to prevent a pullback after reaching a high.
Morning operation advice:
Bitcoin suggests a target of 10000-100300 aiming for 101500.
Auntie suggests aiming for 1980-2000 with a target of 2080.
