2024.05.10 Friday

After the overnight surge, will the trend turn bullish?

① 21:00 Federal Reserve Director Bauman speaks on financial stability risks

② 22:00 US expected inflation rate for May

③ 01:30 the next day, Federal Reserve Director Barr speaks

1. Daily chart: After the price broke below the 60,000 support level and returned above it, there is still a possibility of further upward movement without breaking this level in the later stage.

2. 1-hour chart: After a short-term breakthrough above the 62,500 support level, there was a pullback. If the pullback does not break this support in the later stage, there is still a possibility of further upward movement.

II. Ethereum

1. Daily chart: After probing the 3,100 support level, there was some fluctuation. If the fluctuation does not break this support in the later stage, the trend will continue to be upward.

2. 1-hour chart: After a short-term breakthrough above the 3,020 support level, there was a pullback. If the pullback does not break this support in the later stage, there is still a possibility of further upward movement.

I. Bitcoin

1. Yesterday's view:

Summary: After the price briefly broke below the 62,800 support level, there was a rebound. If the rebound does not break this resistance in the later stage, there is still a possibility of further downward movement. Support levels to watch below are 59,000 and 56,600; if it stabilizes above these levels, it may initiate another rebound, with resistance levels at 65,400 and 67,900.

Later trend:

After a slight decline in the later trend, it rebounded again and broke above the 62,800 level, reaching a high of 63,447.

II. Ethereum

1. Yesterday's view:

Summary: After a short-term breakthrough below the 3,040 support level, there was a rebound. If the rebound does not break this level in the later stage, there is still a possibility of further downward movement. Support levels to watch below are 2,870 and 2,760; if it breaks above, it may initiate another rebound, with resistance levels at 3,170 and 3,300.

Later trend:

After a slight decline in the later trend, it rebounded again and broke above the 3,040 level, reaching a high of 3,058.

I. Bitcoin

Summary: After a short-term breakthrough above the 3,020 support level, there was a pullback. If the pullback does not break this support in the later stage, there is still a possibility of further upward movement. Resistance levels to watch above are 3,160 and 3,290; if it breaks below, it may continue its downward trend, with support levels at 2,921 and 2,800.

II. Ethereum

Summary: After a short-term breakthrough above the 3,020 support level, there was a pullback. If the pullback does not break this support in the later stage, there is still a possibility of further upward movement. Resistance levels to watch above are 3,160 and 3,290; if it breaks below, it may continue its downward trend, with support levels at 2,921 and 2,800.

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