Good afternoon, everyone. Let me summarize today's market situation for you～
Bitcoin $BTC is expected to fluctuate in the range of 117500-119500, while Ethereum $ETH is fluctuating back and forth in the range of 3600-3750. Sigh, this trend is really exhausting to watch.
Yesterday, both assets first pulled back and then rebounded. Bitcoin is still swaying in the daily range, while Ethereum seems to be a bit weak, showing stagnation and a decline at the daily level. After all, it has risen quite a bit before, and I'm really worried that profit-taking might flood in all at once, causing a sharp drop, which is nerve-wracking.
Last night, Powell's speech felt like he didn't say anything about monetary policy, so it had no impact. Trump and others are pushing for interest rate cuts, and we are all tired of hearing it; it's not stirring up much excitement.
The news front is also quiet. From last night until the weekend, there hasn't been anything significant happening, and the market is just being tugged along by existing funds. Without any positive news, the bulls can't push it up; however, since it has risen quite a bit earlier, the bears might take the opportunity to short-sell, especially with Ethereum, so we need to be cautious.
Overall, today is likely to be another day of fluctuations, which makes it hard to feel motivated. Let's just take it easy～
