DailyMarketUpdate 2025/05/12
📌 Today's Market Review:
🎯 $BTC In the afternoon, news broke that China and the U.S. reached an important trade agreement in Geneva, causing a short-term rally in the market. However, it subsequently fell back and began to decline, reflecting a sell-the-fact sentiment after the news. The previous days' insider trading has basically been sold off.
The H1 ascending channel has currently been broken, and the small H1 arc top has formed 2/3 of its shape. The upper daily level resistance zone is pressing down, and a small pullback may be expected in the short term. To be honest, it's really difficult to judge under the influence of news; we can only rely on experience.
🎯 $ETH The short-term level resistance at 2590 has failed to break through twice consecutively, but the bottom is still too high. If the third attempt to break through fails again, even if Ethereum is strong, it may not hold!
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