2024.05.01 Wednesday

The big drop before May Day, how will the market develop in the future?

① 20:15 US April ADP Employment Numbers

② 02:00 the next day, the Federal Reserve announces interest rate decisions

③ 02:30 the next day, Federal Reserve Chairman Powell holds a press conference

1. Daily chart: After breaking through the 60,000 support level, there was some fluctuation, and if the subsequent pullback does not break this support, it is still an upward trend.

2. 1-hour chart: After a short-term probe below the 59,500 support level, it maintained fluctuation above it. If the subsequent adjustment does not break this support, there will still be a rebound trend.

II. Ethereum

Daily chart: After breaking through the 3,100 support level, there was some fluctuation, and if the subsequent fluctuation does not break this support, it is still an upward trend.

2. 1-hour chart: After a short-term probe below the 2,920 support level, it maintained fluctuation above it. If the subsequent adjustment does not break this support, there will still be a rebound trend.

I. Bitcoin

1. Yesterday's view:

Summary: After a short-term breakthrough above the 64,000 resistance level, it fell back below it. If it effectively breaks through this resistance, there will still be a continuation of the rebound trend. Resistance above is at 66,700 and 69,500; if it continues to operate below, it will continue to decline. Support below is at 61,700 and 59,700.

2. Future trend:

After the rebound trend failed to break through the 64,000 resistance level, it fell sharply, reaching a low of 59,150.

II. Ethereum

1. Yesterday's view:

Summary: After a short-term breakthrough above the 3,200 resistance level, it fell back below it. If it effectively breaks through this resistance, there will still be a continuation of the rebound trend. Resistance above is at 3,320 and 3,465; if it continues to operate below, it will continue to decline. Support below is at 3,080 and 2,930.

2. Future trend:

After the rebound trend failed to break through the 3,200 resistance level, it fell sharply, reaching a low of 2,918.

Bitcoin

Summary: After a short-term probe below the 59,500 support level, it maintained fluctuation above it. If the subsequent adjustment does not break this support, there will still be a rebound trend. Resistance above is at 61,880 and 64,500; if it breaks below, it will expand the downward space. Support below is at 57,400 and 55,000.

Ethereum

Summary: After a short-term probe below the 2,920 support level, it maintained fluctuation above it. If the subsequent adjustment does not break this support, there will still be a rebound trend. Resistance above is at 3,100 and 3,240; if it breaks below, it will expand the downward space. Support below is at 2,870 and 2,750.

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