The big pancake has finally broken through the blank area, as if entering a no man's land. This means the price will continue to stretch upwards starting from 110,000!
The current daily chart shows a strong increase in volume and price, very bullish. Compared to previous phases of explosive growth, this time the method of taking one step and looking back seems more sustainable.
Just now, Bitcoin plunged 2000 points in 15 minutes, and evidently, the market has some giants making moves again. The Americans are targeting allies with a sudden 50% tariff.
Currently, there hasn't been confirmation of implementation; reliable verbal sparring has happened more than once. I think there's still some time before June 1st, and in fact, there is time to slowly discuss with ASEAN, leaving room for maneuver.
The 1-hour chart is rebounding, let's see if it can continue to stabilize at 109,000-110,000. If it can, it means the situation has turned from dangerous to safe.
In the short-term hourly price levels, there are signs of testing the 110,000 support after a pullback; even if it sells down, a rebound may still be seen in 4 hours, and we still need to do a double take.
111800 has been stagnant, forming a horizontal channel's fluctuation. As long as this bottleneck is broken, it will be the moment for the bulls to counterattack.
Ethereum is also closely following the big pancake to reach a strong position. Last night, I mentioned that the 2700 resistance would soon be taken down, and sure enough, it pulled back around noon. Here, it’s actually another key resistance at 2720 that must hold steady to look up. For the evening, let’s first see if 2580 can stabilize before proceeding!
