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Bitcoin (BTC) daily trend
1. Technical analysis
Key support and pressure: The current price of Bitcoin is fluctuating around $95300, and the daily level has fallen below the EMA5 moving average (about $94500), but a double bottom support structure has formed around $93500. If it does not effectively fall below this support in the short term, it may maintain a volatile pattern. The upper pressure level is in the range of $95500-96000, and after breaking through, attention should be paid to higher resistance.
Indicator signal: MACD bearish momentum is dominant, and the 4-hour moving average system (EMA) shows significant suppression of short-term and medium-term moving averages, but the long-term trend is still bullish. If the price stabilizes at $94000 support, it may trigger a rebound.
2. Market sentiment and funding situation
The recent pullback in US stocks, especially technology stocks, may create collateral pressure on Bitcoin, but the probability of the Federal Reserve keeping interest rates unchanged in May is high (97.3%), easing market concerns about liquidity tightening.
BlackRock's Bitcoin spot ETF holdings have exceeded $60 billion (historical data), and the continuous inflow of institutional funds may provide medium - to long-term support for BTC.
3. Short term strategy
If the price falls back into the range of 93500-94000 US dollars, you can consider placing multiple orders in batches, with a stop loss set below 93000 US dollars and a target of 95500-96000 US dollars; If it falls below support, we need to be cautious of further pullback to $92000.
Ethereum (ETH) daily trend
1. Technical analysis
Key support and pressure: Ethereum's current price is $1810, with a daily downward trend. The short-term support level is in the range of $1770-1800 (which has not been broken in recent tests), and the strong support level is in the range of $1600-1730. The upper pressure level is concentrated at $1850-1870, and after breaking through, it may test $1900.
Indicator signal: The 4-hour MACD momentum has weakened, and the EMA moving average system shows a short-term downward trend, but the long-term EMA120 still shows an upward trend, indicating that the medium - to long-term trend has not completely turned short. The Bollinger Band has narrowed to the $1800-1850 range, and attention should be paid to the direction of breakthrough.
2. Fundamentals and Market Dynamics
On chain risk: If ETH falls below $1600, it may trigger over $336 million in DeFi lending liquidation, exacerbating selling pressure.
ETF fund differentiation: BTC ETF continues to attract capital inflows, while ETH ETF funds flow out, indicating institutional preference for Bitcoin and short-term suppression of ETH.
3. Short term strategy
If the price rebounds to the range of $1770-1800, you can take a light long position and set a stop loss below $1750, with a target of $1850-1870; If you encounter resistance when rebounding above $1850, you can consider short selling with a stop loss of $1870 and a target of $1800.
In this rebound led by Bitcoin, we have witnessed the power of technical analysis and the infinite possibilities of the market. Let's remain calm and continue to follow, because the story of Bitcoin continues. Welcome to the live broadcast room for communication, and at the same time, share practical knowledge and secret tactics!
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
