2024.05.03 Friday

After the oscillation and rise, can the bulls continue to exert force?

① 20:30 US April Unemployment Rate

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③ 22:00 US April ISM Non-Manufacturing PMI

1. Daily chart: After the price broke below the 60,000 support level, there was a rebound. If the rebound does not break this level later, there is still a downward trend.

2. 1-hour chart: After breaking below the 59,500 support level, there was a rebound. If the rebound does not break this resistance level later, there is still a downward trend.

II. Ethereum

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

2. 1-hour chart: After breaking below the 3,030 support level, it maintained oscillation below it. If the rebound does not break this resistance later, there is still a downward trend.

I. Bitcoin

1. Yesterday's view:

Summary: After the price broke below the 59,500 support level in the short term, it maintained oscillation below it. If the rebound does not break this resistance later, there is still a downward trend. Support levels to watch below are 55,000 and 52,800; if it breaks above, it will initiate a rebound trend, with resistance levels at 61,800 and 64,300.

2. Future trend:

The future trend faced pressure after the rebound failed to break the 59,500 resistance level, reaching a high of 59,637.

II. Ethereum

1. Yesterday's view:

Summary: After breaking below the 3,030 support level in the short term, it maintained oscillation below it. If the rebound does not break this resistance later, there is still a downward trend. Support levels to watch below are 2,800 and 2,680; if it breaks above, it will initiate a rebound trend, with resistance levels at 3,150 and 3,295.

2. Future trend:

The future trend faced pressure after the rebound failed to break the 3,030 resistance level, reaching a high of 3,016.

I. Bitcoin

Summary: After the price broke below the 59,500 support level in the short term, there was a rebound. If the rebound does not break this resistance later, there is still a downward trend. Support levels to watch below are 55,000 and 52,800; if it breaks above, it will initiate a rebound trend, with resistance levels at 61,800 and 64,300.

II. Ethereum

Summary: After the price broke below the 3,030 support level in the short term, it maintained oscillation below it. If the rebound does not break this resistance later, there is still a downward trend. Support levels to watch below are 2,800 and 2,680; if it breaks above, it will initiate a rebound trend, with resistance levels at 3,150 and 3,295.

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