Market Prediction

1. #BTC , expected range 104500-102500, expected trend to rise and then fall;

2. #ETH , expected range 2420-230, expected trend to rise and then fall;

❤️【Market Analysis】

The interest rate decision on May 8 did not result in a rate cut, and Powell's remarks were neutral, which do not constitute positive news;

However, the market experienced an unexpectedly large upward trend;

The direct reasons may include——

① Trump hinted in advance and last night effectively reached a tariff agreement with the UK (the first agreement since the trade war);

② China cut interest rates;

③ Some states in the US have passed or are about to pass state-level cryptocurrency asset reserve legislation.

But apart from the above factors, this wave of the market may have deeper upward logic that needs to be explored (there is a possibility of large capital buying and operating to force a short squeeze);

Due to the significant rise, there may be selling pressure from profit-taking, so today we expect a rise followed by a fall.

【Strategy】

High short, low long