Finance Research Society – May 24, 2025

Trump's speech suggests imposing a 50% tariff directly on the EU starting June 1, 2025. There will be no tariff on products manufactured or produced in the United States. This has impacted the decline of the cryptocurrency market.

The MACD and moving averages for Bitcoin have formed a death cross on the four-hour level, and currently, this death cross resonance has created a four-hour pullback, while the daily chart is testing the support of the ten-day moving average. The pullback of Bitcoin is affecting the altcoin market, which has also seen nearly all coins experiencing a decline.

Ethereum's pullback remains significant, testing the support near 2500, which is also around the ten-day moving average on the daily chart. The middle band of the Bollinger Bands on the daily chart is currently the key dividing line for bullish and bearish sentiment.

Bitcoin's reference range for today:

Support levels: around 107300, around 105400, around 104500

Resistance levels: around 109000, around 110000

Ethereum's reference range for today:

Support levels: around 2513, around 2448, around 2428

Resistance levels: around 2590, around 2640

After last night's decline, market bullish sentiment has been affected, and the rebound has weakened. The daily chart still maintains a bullish trend, but Bitcoin's four-hour level has a death cross resonance, sustaining a four-hour adjustment. The suggestion for altcoin short-term operations is to manage profits and losses well; pay attention to taking profits and reducing positions during today's rebound. For short-term trades, do not be greedy and avoid capturing the last wave of gains.