Yesterday (May 5) at 8:15 am, Bitcoin attacked the resistance point of 65000 for the second time, reaching 64197, and then fell rapidly to 62884 at 9:30. Bitcoin failed to challenge the resistance point of 65000 for the second time!
When Bitcoin challenged the resistance for the first time, the point was 64545; when it challenged the resistance for the second time, the point was 64197, and the point was lower each time.
When Bitcoin challenges the resistance point for the third time, if it cannot break through the resistance point of 65000, and the attack point is lower than the previous two times, then Bitcoin will be weak in attacking and will fall again.
At 23:00 on the evening of May 5, Bitcoin attacked the resistance point of 65000 for the third time, reaching 64652, which is higher than the previous two times. But it still encountered resistance and fell back. Bitcoin failed to challenge the resistance point of 65000 for the third time!
The point when Bitcoin challenged the resistance point for the third time was higher than the previous two times, indicating that there are a lot of bargaining chips below that are pushing Bitcoin up, and they are determined to break through 65,000. The big counterattack is about to begin!
The trend on May 5 was basically in line with expectations. Bitcoin fluctuated sideways between 62,000 and 64,000, thus stabilizing at 62,000; Ethereum fluctuated sideways between 3,000 and 3,150, thus stabilizing at 3,000.
Since Bitcoin has stabilized at 62,000 and Ethereum has stabilized at 3,000, 62,000 has become the support point for Bitcoin and 3,000 has become the support point for Ethereum. In the short term, these two points will not fall below again.
Today, Bitcoin will continue to challenge the resistance point of 65,000, and will succeed. The point will reach 65,170; Ethereum will challenge the second resistance point of 3,200, and will succeed, and the point will reach 3,280.
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