25/05/23 BTC Shark 1.13 faced resistance, pay attention to the possibility of falling back to 110,000. The US index 0.886 is perfectly expected.
The US index completed a 0.886 pullback today and opened low, fully aligning with the previous expectations. The Nasdaq fell by 0.96%, the Dow fell by 0.63%, and the S&P fell by 0.78%, marking the fourth day of pullback with a drop of 3-4% from the high point.
President Trump suggests imposing a 50% tariff on the EU starting June 1. Trump warns that unless the iPhone is produced in the United States, a 25% tariff will be imposed.
The large coin is affected by news and has a short-term plunge. If the rebound cannot reach a new high, there will be a need for a pullback. Gold continues to fluctuate at a high level, and more time is needed here. The US dollar index touches the lower trend line and continues to fall, and it seems it will continue to reach new lows.
Large Coin
The weekly chart touches the BOLL middle track under pressure. If the subsequent rebound cannot reach a new high, pay attention to the possibility of a pullback to the middle track, which is around 94000—96000. Of course, if it continues to break through the high point, there will be further highs.
The daily shark pattern breaks through 0.886 and continues to pull back to below 1.13. Given the impact of the US index, pay attention to correlated pullbacks. Key support is at 106000; if it falls below this, there is a possibility.
Support: 100000—106000
Resistance: 113000—114000
Ether
Today’s high reached 2734, with the previous days' high under pressure. If it cannot break through this week, it will continue the weekly star pattern and oscillate. Pullbacks are still bullish, and there will be opportunities for a rebound. The ETH/BTC exchange rate has a demand for a rebound.
Support: 2100—2200—2300
Resistance: 2856—3200—3600
