5.8 Market Analysis

① Bitcoin: The current price is around 98500, with a low of 95700, a price difference of 3000 USD, and a fluctuation of about 3.2%. Last night's Federal Reserve meeting met expectations, and interest rates are unlikely to decrease in the short term. Currently, if the strong resistance at 97800 is effectively broken, reaching 100,000 is just around the corner. To break above this level again, it requires substantial volume combined with news. Personally, I still suggest focusing on buying on dips. Ideally, after stabilizing at 100k, we will see fluctuations in the 98000-100000 range, with ETH following an independent trend, altcoins making a move, and then continuing on.

② Ethereum: The current price is at 1840, with a low of 1787, a price difference of 60 USD, and a fluctuation of about 3.5%. This latest upgrade hasn't shown much performance, like a company launching a new product that doesn't change its stock price; it's quite disappointing. ETH's trend is still following Bitcoin, focusing on the 1870-1900 level.

② Bitcoin resistance: 98800-100000 Support: 95800-96700

Ethereum resistance: 1870-1900 Support: 1780-1800