Goldman Sachs has postponed the timing of the Federal Reserve's interest rate cut, leading to a win-win situation for both long and short strategies at midnight! Analysis of the Bitcoin strategy on May 13.
Goldman Sachs has adjusted its expectation for the next Federal Reserve interest rate cut to December (previously expected in July). Analysts at the bank stated: 'Given the developments and the significant easing of financial conditions last month, we have raised the forecast for the annual economic growth rate in the fourth quarter of 2025 in the U.S. by 0.5 percentage points to 1%, and lowered the probability of an economic recession in the next 12 months to 35%. At the same time, we have also lowered our expected path for core Personal Consumption Expenditures (PCE) inflation, expecting a peak of 3.6% (previously expected at 3.8%).' Meanwhile, the shorting strategy from yesterday perfectly matched the market trend, with the price of Bitcoin dropping deeply at night, hitting a low around 100700, while Ethereum rebounded around 2406! If the long positions given were followed, profits could also have been realized!
From the current technical perspective, the cryptocurrency price broke the Fibonacci retracement line of 23.6% at 101580 early this morning. The short-term technical outlook is clearly bearish, but the overall trend is still in an upward channel. The daily Bollinger Bands are trending upwards, the KDJ has turned downwards forming a death cross, and the MACD's volume is also starting to decrease. Although it is in an upward channel, there is a significant need for a retracement in indicators. Everyone should be cautious when chasing highs! The main strategy for intraday operations is to prioritize shorting at high levels, with a supplementary focus on low longs! The resistance levels to pay attention to above are 103500, 104000, 105000, and 106000, while the support levels to watch below are 100700, 100000, 99000, and 97500.
Bitcoin strategy for May 13: Aggressive traders can enter short around 103300-103800, while conservative traders can enter around 104300-104700, with a stop loss near 105300, targeting around 102500-102000, and if broken, look towards 101500-101000-100700, and continue to hold if further broken.
Ethereum strategy for May 13: Aggressive traders can enter short around 2500-2540 on the rebound, while conservative traders can enter around 2570-2600, with a stop loss near 2630, targeting around 2470-2450-2420-2400, and if broken, look towards 2380-2350, and continue to hold if further broken.
Long position strategy: Enter long between 100000-100500, with a stop loss near 99300, targeting around 101000-101500-102000-102500, and if broken, look towards 103000-103500.
For Ethereum, reference entry is 2370-2400, with a stop loss near 2350, targeting around 2430-2450-2480, and if broken, look towards 2500-2530.
Market expectations for the Federal Reserve's interest rate cut continue to weaken, and with the deadline for tariff suspension approaching, the Fed cannot predict how much impact tariffs will have on the U.S. economy. We can only wait to see the actual impact after formal implementation! Everyone should be cautious when chasing highs! $BTC #新闻交易