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Tariffs continue to increase, and the market continues to plummet
Daily trend of Da Bing
From the daily trend of the Big Dipper, we can see that BTC is currently at $79800, with a intraday fluctuation of 8.6%. Yesterday, it briefly fell to $76300 before rebounding, but successfully stabilized at the psychological level of $80000. The key long short watershed is at $78500, and if it remains stable at this level during the European trading session, it may rise into the resistance range of $84000-85000; If lost, it may quickly slide towards the support band of $72000-70000.
Short term technical aspect: The daily chart shows a fierce long short game. If the 1-hour RSI breaks through the 50 track and stabilizes at $78500, the long target points to $82000-85000; On the contrary, if it falls below $77000, it may trigger further declines to $73500 or even $70000
Auntie's intraday trend
From Auntie's daily trend, we can see that ETH is currently at $1585, and the intraday rebound is constrained by the resistance of $1520. The ETH/BTC exchange rate has fallen to 0.0186 (a new low since 2023).
Technical risk: $1420 is a key support at the weekly level, and if it falls below it, it may trigger liquidation of on chain pledged positions (estimated liquidation threshold is $1380-1400).
Short term strategy: If the rebound reaches the range of 1520-1550 US dollars and the 4-hour MACD dead cross occurs, short selling may be considered; If it touches $1380 and there is a bottom divergence, you can try to buy from the left side.
In terms of news, the details of Pectra's upgrade will be announced on May 7th, and the bullish sentiment in the market continues to cool down, with tariffs continuing to increase.
In this rebound led by Bitcoin, we have witnessed the power of technical analysis and the infinite possibilities of the market. Let's remain calm and continue to follow, because the story of Bitcoin continues. Welcome to the live broadcast room for communication, and at the same time, share practical knowledge and secret tactics!
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.