Fundamentals:
1. Federal Reserve Governor Waller: In the case of significantly slowing economic growth with high tariffs, the unemployment rate could rise to 5%. I lean towards earlier and larger cuts in interest rates.
2. Atlanta Fed President Bostic stated on Monday that the uncertainty surrounding Trump's tariffs and other policies has caused the economy to fall into a 'great slowdown,' and he suggested that the Federal Reserve hold off until the situation is clearer.
3. KiloEx announced regarding the hacker attack incident that the vulnerability has been contained, and urged all partners and platforms to immediately blacklist that address.
4. Yesterday's research report emphasized focusing on the resistance at 855-865 above Bitcoin. The highest point last night reached 858, with a focus on 833-823 below, and the lowest point last night reached 837. For Ethereum, the support below is seen at 1600-1570, with the lowest point last night at 1606. The upper resistance is at 1660-1690, with the highest point last night at 1691, and the overall trend aligns with expectations.
Technical Analysis:
BTC: On the daily chart, there has been a small upward trend in recent weeks, with the 7-day moving average turning upwards and forming a golden cross. However, it is worth noting that the high point near 86 has persisted for three days. From the smaller timeframes, it can be seen that it is currently oscillating within a relatively high point range, so watch for signs of a downward trend. Looking at the 4-hour chart, the overall trend remains upward, with the low points rising, but the upper high points are evident, showing weakness in the upward movement. In subsequent trends, focus on bearish signals from the 4-hour chart. For intraday operations, focus on resistance at 858-868 above and support at 838-828 below.
ETH: The overall trend on the daily chart is showing a slow upward oscillation. Currently, the K-line has stabilized above the lower moving average support, while being pressured by the 14-day moving average above. The daily K-line of Ethereum needs to break through the upper moving average resistance to achieve the first rebound target near 1780, after which it will enter a phase of consolidation and accumulation. The 4-hour chart shows a clear upward oscillation, but the upper resistance at 1690 is evident. During the bottoming phase, there will not be significant upward trends, and most likely a rise followed by a retreat, maintaining a slight overall increase. For intraday operations, pay close attention to the resistance at the upper levels of 1680-1710 and the support levels at 1610-1580 below.
Altcoins: Currently, no recommendations are being made; it's primarily a wait-and-see approach. During the bottoming phase of Ethereum, altcoins will definitely have a low point! I mentioned that the buying point for altcoins should reference Ethereum rather than Bitcoin. In September last year, Bitcoin began to soar, while altcoins and Ethereum showed an overall downward trend before November. This time, the rebound strength of Ethereum is quite weak. After this rebound ends, there will be another phase of consolidation and accumulation, and the intensity of the next rebound will gradually increase, which will also lead to a stronger trend in corresponding altcoins. Focus on AI, gaming, meme coins, and strong new tokens!
