After a night of retracement, is the current bull market over?
① 21:35 Speech by Federal Reserve Board Member Waller
② 22:00 Final value of the University of Michigan Consumer Confidence Index for May in the United States
③ 22:00 Expected one-year inflation rate in the United States for May
- Daily chart: After testing the 60,000 support level, the price maintained above it and oscillated. If the retracement does not break this level later, the upward trend will continue.
- 1-hour chart: After a short-term breakthrough above the 66,500 level, there was a retracement. If the retracement does not break this support later, there will still be an upward trend.
II. Ethereum
- Daily chart: After oscillating and testing the 3,100 level, the price rose again. If the retracement does not break this key level later, the upward trend will continue.
- 1-hour chart: After a short-term breakthrough above the 3,550 level, there was a retracement. If the retracement does not break this support later, there will still be an upward trend.
I. Bitcoin
- Yesterday's view:
Summary: After a short-term breakthrough above the 67,400 level, there was a retracement. If the retracement does not break this support later, the upward trend will continue. Resistance above is at 73,800 and 76,700; if it breaks below, a retracement trend will start, with support at 64,600 and 62,500.
- Future trend:
After a retracement, the future trend broke below the 67,400 level and then oscillated above it, reaching a low of 66,156.
II. Ethereum
- Yesterday's view:
Summary: After a short-term breakthrough above the 3,450 level, there was a retracement. If the retracement does not break this support later, the upward trend will continue. Resistance above is at 3,940 and 4,100; if it breaks below, a retracement trend will start, with support at 3,250 and 3,100.
- Future trend:
After a retracement, the future trend did not break below the 3,450 level and maintained oscillation, reaching a low of 3,524.
I. Bitcoin
Summary: After a short-term breakthrough above the 66,500 level, there was a retracement. If the retracement does not break this support later, the upward trend will continue. Resistance above is at 70,600 and 73,600; if it breaks below, a retracement trend will start, with support at 63,500 and 60,400.
II. Ethereum
Summary: After a short-term breakthrough above the 3,550 level, there was a retracement. If the retracement does not break this support later, the upward trend will continue. Resistance above is at 3,950 and 4,100; if it breaks below, a retracement trend will start, with support at 3,415 and 3,260.
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