- Zhou Yanling: Bitcoin and Ethereum's latest trend forecast analysis and operational strategies for May 3rd
Seeking the Federal Reserve to save the currency circle has never been a bearish sentiment. Looking at the results now, it's just so-so. The short-term rebound has no effect because the currency circle has been trapped in a lot of high chasing positions since the end of April. Therefore, the interest rate decision can only have a neutralizing effect on the long and short positions of Bitcoin, not to say that the bulls have won a big victory. Either it directly reverses and announces the end of the cyclical pullback, because it never lacks the attribute of rising speed. Trends like pulling and then spitting back, if you are bullish, will only make you anxious. Yanling once said that the key to the interest rate decision is not at the time, but the next day, or even later, because you need to know how the market is pricing the specific content of this meeting, which takes time and emotion.
Regarding the content of the Federal Reserve's meeting, it's actually not much different from before. It emphasized that inflation has not fallen back on the track it expected, and the growth of economic data may raise the threshold for interest rate cuts. But the focus of a normal meeting is that Powell seems to want to cut interest rates, but these conditions make it unable to speak, emphasizing that the probability of raising interest rates is small, and even releasing three conditions for cutting interest rates again. It is this attitude that makes the market feel the authenticity of its dovishness, which is very interesting. The probability of interest rate cuts has not been greatly filled with expectations. It's just a sincere statement, and the market chose to buy it at the time.
Otherwise, why doesn't the market continue to rise? It has even returned to around 59,000 now. Sincerity is not a killer move. If you can't take substantive action, it will only make the market feel that you are delaying the interest rate cut more and more. Don't forget that the previous wave has already filled the expectation of interest rate cuts, including the subsequent rise in pricing expectations. This is all chewed over. You cannot satisfy the market's wishes, it will only bring disappointment. So, independent selling and continuation are the things to watch for these days.
From a technical indicator perspective, Bitcoin has repeatedly relied on the middle track for strong support and pulled up on the 4-hour level. However, with a significant recent drop, it is expected to be under pressure below the middle track for the next few days, oscillating and sliding down. However, the MACD is already below the zero axis. After a few days, a bullish divergence may occur, brewing a brief rebound in the future market. So, everyone should be careful not to chase the floor in the range-bound market these days. On the hourly level, it is under pressure at the 60,000 integer level in the Asian session today, currently sliding down to below the middle track for a brief oscillation. The key operation will be in the U.S. session. Yanling predicts that the rebound to the resistance at 61,500 in the middle track will still continue to look bearish. Short-term support should focus on around 58,200, and if it is lost, focus on the 56,500 level. The main approach for the short term is to rebound first and then look bearish, for range adjustment and correction.
Bitcoin operational strategy for May 3rd:
- Long at 58,900-59,200, stop loss at 400 points, target at 60,000-60,400, continue to look up to 61,000-61,400
- Short at 61,000-60,650, stop loss at 400 points, target at 59,700-59,400-59,000
[The above analysis and strategies are for reference only. Please bear the risk on your own. The article review and release may have lagging strategies and lack timeliness. Specific operations should be based on Yanling's real-time strategies.]
This article is exclusively created and shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other currency circle contract/spot operations, with solid theoretical foundation and practical experience. Proficient in technical and fundamental analysis, focusing on capital management and risk control, with a steady and decisive operational style. Recognized by the majority of investment friends for being easy-going and responsible, as well as decisive operations. If you need to know more about real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, you can follow the teacher (WeChat public account: Zhou Yanling).
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
