Midnight Deep Talk:

Bitcoin has broken through the $100,000 mark, while Ethereum's intraday volatility approached 300 points, rising by 13%. Gold in March, silver in April, and diamonds in May have indeed not disappointed.

From a macro perspective, the Federal Reserve's rate decision announced that it would keep rates unchanged in May, with the Fed voting to maintain the benchmark interest rate in the range of 4.25% to 4.5%. Powell's hawkish remarks contradict Trump's opinions. There are expectations for three rate cuts in the second half of the year, and synchronized rate adjustments in Europe, the US, and China have sparked more greed in the later market. At the same time, with the announcement of tariff policies and a series of erratic operations, the US economy remains active, while Trump calls for buying stock dividends. The cryptocurrency market, as a safe-haven asset, is also rising.

Returning to the cryptocurrency market, the range-bound trend that has lasted for two weeks is ushering in a single-sided market. Some are happy, and some are worried, which is inevitable, but more importantly, the bulls are still present, and the market remains active.

From a data perspective, the monthly candlestick shows a consecutive bullish increment, with the key resistance point at the upper level of 110,000. The weekly candlestick is gradually decreasing in volume and turning bullish, with resistance at 106,000 and support to watch at 92,000. The greed index is at 65. The daily candlestick has risen to the upper bound with pressure at 101,800. Short-term bullish actions are gradually reaching a peak.

In terms of future direction, the bullish trend is expected to continue toward the vicinity of 105,000. The 100,000-103,000 range is also a significant zone of resistance, and a breakthrough of the 110,000 mark cannot be ruled out. However, caution in risk management is also necessary during greedy times, as market movements are interlinked. Attention should still be paid to the 92-98 range below, as black swan events can happen at any time. In the short term, bullish actions are primary, with bearish actions as a supplement.

No matter how the market moves, the most important thing is how we respond. Remember that capital should always be prioritized, and a solid risk management plan must be in place, so we can respond more calmly to various market changes.

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