From the analysis of the 4-hour candlestick chart, the market's bullish strength is strong, with six consecutive bullish candles breaking through the 100,000 mark and continuing to increase in volume. The MACD indicator is diverging upwards at a 45-degree angle above the zero line, and the RSI indicator remains above 70 in the overbought region but has not turned down, showing strong characteristics. From the 1-hour perspective, the price is steadily operating above the middle band of the Bollinger Bands, with pullbacks effectively supported at previous high positions, forming a bullish arrangement with higher highs and higher lows, continuing the upward trend in the early morning. Bitcoin: A light position can be tested in the 100,500-100,800 range, with a short-term target of 102,500. Ethereum: A long position can be arranged around 2,035, with a short-term target of 2,110.
There are no 100% accurate bloggers. Take what you can, but don't challenge our expertise with your business. Choosing is always more important than effort!
Look at MACD: When the price is about to rise again, if the MACD red bars shorten or the energy weakens (top divergence), then consider shorting. Right now, this position clearly indicates that we can only aim for a high position pullback, but don't rush! Look at the MACD I circled below: from crossing the 0 axis to falling back to the 0 axis counts as a complete cycle, and we are only halfway through, indicating that the price is bound to retest the lifeline or the 0 axis. But the question is—can we short directly now? Remember, trading is about probability! For high position pullbacks, especially in smaller cycles, it’s best to wait for a top divergence or pin bar signal. Currently, the market has neither a top divergence nor a pin bar; rushing to short is like gambling with your life. The correct approach is to watch it: if the price rises again but the MACD red bars shorten or the energy piles up and shrinks, then shorting at that time is the way to go. Don't get itchy just because you see a high point; wait for a definitive signal! Key Points First, learn the entire system thoroughly; don’t just grasp the surface and start losing money; Second, I will guide you in practice, solving problems on the spot. Trading is a serious math problem, not some mystical fortune-telling!
Bitcoin's short-term rebound hides risks! This wave of decline is likely unavoidable
First, pour a盆 of cold water: Don't be blinded by Bitcoin's short-term rebound! The 'bait' from the main players has been cast, and this round of decline is highly likely to be a high-probability event for the following reasons:
1. A true bull market is never a 'solo dancer's carnival'
- Altcoins are stagnant: Currently, BTC has broken through the $20,000 mark, but most altcoins have only single-digit increases. Compared to last November when altcoins generally multiplied several times, this round of 'increase' seems more like a 'one-man show' by the main players. - Lack of market interconnection: In historical bull markets, mainstream coins and altcoins often explode simultaneously, creating a 'fund rotation effect'. Currently, funds are highly concentrated in BTC, which instead exposes the fragility of the 'artificial market'—the main players are attracting retail investors' attention by pulling up leading coins to pave the way for subsequent operations.
Ethereum Major Upgrade Pectra Launches: Dual Improvements in User Experience and Performance On May 7th (Wednesday), Ethereum completed the important upgrade Pectra, focusing on user experience, Layer 2 blockchain, and validator efficiency optimization.
Core Improvements and Features
- User Experience Upgrade: - Supports batch processing of transactions, reducing repeated confirmation pop-ups; - Allows payment of transaction fees using any token (previously limited to ETH), intuitively displaying real costs. - Layer 2 Scalability Enhancement: - Doubles the amount of “blob” data that can be processed, reducing Layer 2 transaction fees to “a few cents,” alleviating congestion issues (though long-term capacity still faces demand growth pressure). - Validator Efficiency Improvement: - Allows validators to consolidate staked funds, increasing the management cap from 32 ETH to 2048 ETH, lowering operating costs.
Industry Evaluation and Impact
Optimism contributor Binji stated: “Pectra makes Ethereum feel more like a modern network, shifting from ‘protocol operation’ to ‘user experience.’” This upgrade is based on the technical foundation of the 2023 Dencun upgrade, further solidifying Ethereum's position as the core of the Layer 2 ecosystem.
Price and Future Challenges
Despite the continuous benefits of the upgrade, ETH price performance still lags behind competitors like Bitcoin: affected by Trump’s tariff policies, it fell to a two-year low last month (slightly above $1400), still far from the historical peak in 2021 ($4800). Critics point out that Layer 2 does not consume enough ETH, leading to unmet expectations for its “deflationary appreciation.”
Next Steps: Fusaka Upgrade
The Ethereum Foundation plans to launch the Fusaka upgrade in the second half of this year, using “shard data sampling” technology to allow nodes to download only part of the data to verify integrity, further enhancing decentralization and processing capability.
Summary: Pectra marks Ethereum's shift from “underlying reform” to “user-friendly iteration,” but balancing Layer 2 development with the value of the native token remains its long-term challenge.
5/8 Midday Big Pie (Bitcoin) Analysis and Trading Suggestions
Market Dynamics: In the early morning, the Federal Reserve released a hawkish signal, causing the big pie (Bitcoin) to short-term drop to around 95700; in the morning, buoyed by related comments from Trump, it quickly rebounded to around 98300, currently maintaining a range oscillation around 97900, with a wide-ranging oscillation trend at the daily level.
Trading Strategy: Focus on short positions at the high of the oscillation range, supplemented by short-term long positions at low levels.
Specific Trading Suggestions: Big Pie After rebounding to around 98500-99000, set up a short position, targeting downwards to 97200-96500-95000. Second Pie After rebounding to around 1840-1880, set up a short position, targeting downwards to 1780-1740.
The overall big pancake is 1.9K points in a day, and the second pancake has also reached 60 points, the strength is right here, although the fluctuations are not large. Still a precise strike!
I've been saying this result all day, I don't know if anyone is watching me. Brothers, I've started to reduce my position, and I will continue to hold after reducing.