The US-China negotiations are about to thaw, and an epic opportunity is approaching. Currently, the positive sentiment is becoming increasingly strong. Once an agreement is reached between the two countries, it will completely change the market landscape and signify the return of a bull market. Therefore, in the subsequent analysis, Luo Tian suggests focusing on this low range for trading.
The overnight Bitcoin continues to break through and rise to around 84300. After hitting a ceiling, it slightly corrected to around 83100. Currently, the price is around 83000. The recent price action on the 4-hour chart shows a fluctuating upward trend, forming multiple high and low points. The MACD histogram is at a relatively high value, indicating strong bullish momentum in the short term.
Data and tariffs have put the Federal Reserve in a dilemma. Most officials have stated that interest rate cuts will be delayed further; there is currently no necessity for a rate cut. Therefore, focus on the gains and losses around the 84000 level for today. Luo Tian suggests maintaining a bullish stance in the short term, with a defensive approach.
Bitcoin pullback: Short bullish around 82000-81500, with a target up to around 84500, and defend below 80000.
Ethereum pullback: Short bullish around 1530-1510, with a target up to around 1650, and defend below 1500.