On the afternoon of #贸易战缓和 , a joint statement was suddenly made between China and the United States, reaching a consensus on the tariff issue, which caused the cryptocurrency market to respond with a surge, once again hitting a new high. Our recent low-difficulty strategy has been validated again!

Currently, Bitcoin has pulled back after reaching the 105800 line,

showing a typical short squeeze pattern at this high level. From a technical perspective, Bitcoin's weekly MACD has formed a golden cross, an important indicator that often signals a strengthening trend. More importantly, this rise is also accompanied by strong expectations for interest rate cuts and substantial capital influx! In the short cycle, after a divergence appeared, the price has pulled back, with both MACD and RSI indicators showing weakened upward momentum. Although the market has shown a pullback, both the strength and space are within a reasonable range; healthy trend development often requires reasonable corrections to digest, which will help build momentum for future rises.

As for Ethereum, trading volume continues to explode! For three consecutive days, the 24-hour trading volume has surpassed Bitcoin, with prices skyrocketing over 40%. In May, the market focus is undoubtedly on ETH! Ethereum reached a peak of 2624, and the gap between $2,566 and $2,623 has been filled, leaving only the gap between $2,911 and $3,237. Based on the current pattern, the probability of a continued bullish attack is very high, so in the short-term strategy, continue to focus on bullish positions!

On Monday evening, Bitcoin continues to reference around the 104000 line for long positions, targeting around 106600 remains unchanged! Ethereum, relying on the 2500 line, continues to buy on dips, with the initial target set at the 2800 line!

In the current unidirectional trend market, we always adhere to the principle of right-side trading, avoiding chasing highs and cutting losses, and following the trend, which can largely mitigate risks and achieve good profit space. Meanwhile, I will also share my personal views with everyone every day, and you are welcome to discuss and follow the public account: Wu Zhiyu on Trends!