☕5.14 Market Report and Trading Suggestions
Yesterday, the market experienced a slight pullback but continued to rise in the evening, showing a healthy trend with the potential for further increases. Recent attention should be paid to fundamental information, the Federal Reserve's interest rate cut process, and the possibility of a new market cycle starting;
The altcoin sector is rising in sync with mainstream cryptocurrencies, with some showing good gains. After the mainstream market stabilizes from the pullback, it can be followed up. The MEME market can continue to be monitored, and the ecosystem on the Solana chain is regaining momentum, which can also be watched. For altcoins purchased earlier, patience is needed while waiting for a rebound to recover losses.
Support for $BTC is at 102000-120500 and resistance is at 104500-105500
Support for $ETH is at 2500-2550 and resistance is at 2700-2750
Bitcoin is relatively slow but stable; for aggressive traders, a long position can be opened around Ethereum 2650 with a stop loss of 40 points;
