At 2 a.m. Beijing time on May 8, the Fed's interest rate decision is highly anticipated. The market currently widely expects it to maintain the interest rate at 4.25% - 4.50%. According to data from the CME Group, the probability of keeping the interest rate unchanged is 97.2%, while the probability of a 25 basis point rate cut is only 2.8%. It is expected that there will be 3 rate cuts in 2025.
However, it is crucial to pay attention to the hints regarding future policy paths in Powell's speech. His statements on the state of the U.S. economy and the prospects for future rate cuts are the focal points. If he releases “hawkish” signals and emphasizes inflation risks, it will reduce the likelihood of rate cuts, potentially escalate conflicts with Trump, negatively impact global stock markets, and benefit safe-haven assets like the yen and gold; if he clearly hints at a rate cut path, it may boost financial markets. #比特币预测 #Strategy增持比特币 #比特币战略储备 #美国稳定币法案 #交易故事 $BTC $ETH
The early market saw a strong surge in Bitcoin, with market enthusiasm soaring and volatility increasing. At this moment, it's important to stay calm; chasing the rise carries significant risk, and one should refrain from trading. Although the overnight uptrend continues and bulls are in control, caution is needed due to overbought risks. Looking at the daily chart, a series of small bullish candles have stabilized at mid-term support, with sufficient buying pressure below. The 4-hour Bollinger Bands are narrowing; if the upper band cannot be broken, there may be intraday or range-bound fluctuations. One can take a light short position on early morning highs and seize the opportunity for a pullback.
The early market saw a strong surge in Bitcoin, with market enthusiasm soaring and volatility increasing. At this moment, it's important to stay calm; chasing the rise carries significant risk, and one should refrain from trading. Although the overnight uptrend continues and bulls are in control, caution is needed due to overbought risks. Looking at the daily chart, a series of small bullish candles have stabilized at mid-term support, with sufficient buying pressure below. The 4-hour Bollinger Bands are narrowing; if the upper band cannot be broken, there may be intraday or range-bound fluctuations. One can take a light short position on early morning highs and seize the opportunity for a pullback.
The greatest challenge for a person lies in self-awareness, and this is also the easiest problem to solve. We often fail to truly understand ourselves simply because we have misplaced ourselves, creating various illusions. Therefore, when faced with the obstacles ahead, we should be more vigilant about our initial choice of direction.
The warming is only temporary. The market reversal has not yet come.
Yesterday seemed like a reversal, but in reality, it was just a trick; a small rise has trapped so many people deeply again???
Yesterday I mentioned that recovering losses is only temporary, and it is not yet the time for a reversal. Don't get carried away and blindly chase after the rise; otherwise, it might drop directly!
The night before yesterday washed out the short positions, and yesterday washed out the long positions. Trump has clearly stated this, so we will continue to stick to the short position strategy for the future market.
Bitcoin is expected to drop to the '7' starting point soon. Ethereum is also about to break below the 2000 mark; we are looking at 1970-1930. As the market continues to change, we need to closely monitor market signals and seize new entry opportunities. Like + comment, and let's navigate this bull market together to seize this great opportunity!
According to the current trend, this week needs to fill in last week's lower shadow. This is essentially the feedback from the first trading day of this week, and next we will continue to look at the second target level (800-820), with Ethereum moving in sync with Bitcoin. On the hourly level, the price ratio is near the lower band, the Bollinger Bands are overall developing downward, MACD bears are reducing, and RSI trading volume has broken into the oversold area. For the second cryptocurrency, the price is near the lower band, MACD bears are increasing, and there is still room for downward movement in the short term. Current price of Bitcoin is around 83750 for short, 84500 for add-on, with a stop at 84700 and a target of 82700-81700.
Yesterday's weekend was originally a fluctuating market, but because of what Trump said about supporting BTC and ETH, it subsequently rose sharply from the lowest point of 84,800 to around 95,000, and has now restored and resumed its fluctuating operation! The strategy provided this morning seems a bit aggressive, but that does not hinder our continued bullish outlook. In terms of the current market for Bitcoin, it is in a high-level range of fluctuating and correcting status. During the early morning period, the upward momentum was extremely strong, which also increased the subsequent room for pullback. The current range is already clear, with the upper level of 95,000 constituting a resistance level, while the lower level of 92,000 is a support level. Based on recent market trends, under the pattern of wide-ranging fluctuations, once the key points of the upper and lower boundaries are broken, there is a high probability that a certain trend continuation will occur. Therefore, it is essential to pay close attention to the gains and losses at these two key positions during the day. As the market continues to change, we must closely monitor market signals and seize new entry opportunities. Like + comment, and we'll take you through the bull market to firmly grasp this round of great opportunities!
The pancake has undergone a round of violent stretching after midnight, and the white plate will inevitably enter a period of oscillation and adjustment. The emotions of the market need to be released, and the momentum needs to accumulate energy. The ideas and points given in the morning may seem too aggressive to some, but in such a clearly defined trend, any hesitation may lead to missing the opportunity. Currently, it is hovering around 92,500, with strong resistance above near the 30-day moving average. There will be another attempt to break through this level today, so it is important to proceed with the trend. A successful speculator often possesses deep market insights and can also understand their inner world, achieving a high level in both aspects. The path of speculation is a long process of cultivation, and speculators will encounter unimaginable difficulties on their journey. Most people ultimately cannot reach their ideal destination. However, once you break through your limitations and transcend the ordinary, you will reap great rewards.
The daily level of Bitcoin has shown signs of stopping the decline, but surprisingly, the price achieved a V-shaped reversal stimulated by news, with a single-night increase exceeding $10,000. This trend broke market expectations, and the originally anticipated consolidation was directly replaced by a bullish rally.
After a long period of dormancy, the bullish forces released their accumulated energy like a volcanic eruption, leading to a strong rise that significantly boosted market confidence, causing the entire cryptocurrency market to boil with excitement.
Currently, from the perspective of smaller time frames, Bitcoin's price is in a state of high-level fluctuations.
However, due to the rapid speed of this rally, akin to a sudden storm, there is a possibility of forming a death cross and experiencing a pullback in the short term.
After all, such a rapid surge will inevitably attract many swing traders to take profits and exit the market.