5.7 Evening Thought Analysis
Three Major Events Linked! How Will Interest Rate Cuts by Central Banks, Ethereum Upgrades, and Federal Reserve Decisions Impact?
From a daily chart analysis, the candlesticks have consistently formed small bullish candles and are firmly standing above the mid-term support level, indicating strong buying pressure below. Looking at the four-hour chart, the Bollinger Bands are in a continuous state of narrowing; if the market fails to break through the upper resistance, the evening's outlook remains bearish. Be sure to set stop-losses and avoid counter-trend trading!
Evening Trading Thoughts
- Short near 973-978 for Bitcoin, targeting down to 955-930.
- Short near 1840-1870 for Ethereum, targeting down to 1780-1720.
