2024.05.05 Sunday

Short-term adjustment, has the bull market ended?

This year, over $4 billion has been injected into start-ups in the field of crypto risk investment.

Extra: When seeing the profit prospects, investment is not stingy at all~

Sun Yuchen pledged 120,000 eETH to Swell Network, worth $376 million.

Extra: Sun is about to start a new action again~

1. Daily chart: After breaking below the 60,000 support level, the price returned above it. If the subsequent pullback does not break this level, there is still a trend of continued rise.

2. 1-hour chart: After breaking above the 62,500 support level, there was a pullback. If the subsequent pullback does not break this support, there is still a trend of continued rise.

II. Ethereum

1. Daily chart: After breaking below the 3,100 support level, there was some fluctuation. If the subsequent fluctuation does not break this support, there is still an upward trend.

2. 1-hour chart: After breaking above the 3,060 support level, there was a pullback. If the subsequent pullback does not break this support, there is still a trend of continued rise.

I. Bitcoin

1. Yesterday's view:

Summary: After a short-term break above the 61,500 support level, if the subsequent pullback does not break this support, there is still a trend of continued rise. Resistance above is at 63,900 and 66,700; if it breaks below, it will once again enter a pullback trend, with support at 59,000 and 56,700.

2. Subsequent trend:

After the subsequent pullback did not break the 61,500 support level, it continued to rise and successfully reached the first target at 63,900, reaching a high of 64,547.

II. Ethereum

1. Yesterday's view:

Summary: After breaking above the 3,060 support level, if the subsequent pullback does not break this support, there is still a trend of continued rise. Resistance above is at 3,185 and 3,340; if it breaks below, it will once again enter a pullback trend, with support at 2,945 and 2,820.

2. Subsequent trend:

After the subsequent pullback did not break the 3,060 support level, it rose again, reaching a high of 3,167.

I. Bitcoin

Summary: After a short-term break above the 62,500 support level, if the subsequent pullback does not break this support, there is still a trend of continued rise. Resistance above is at 65,700 and 68,500; if it breaks below, it will once again enter a pullback trend, with support at 60,000 and 57,660.

II. Ethereum

Summary: After a short-term break above the 3,060 support level, if the subsequent pullback does not break this support, there is still a trend of continued rise. Resistance above is at 3,200 and 3,350; if it breaks below, it will once again enter a pullback trend, with support at 2,960 and 2,840.

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