Market Analysis
Bitcoin weekly dead cross, about to end the 5-week continuous decline. There are two high probability market situations that will happen next!
1. Dead cross bursts the weekly positive line to reach within 3 weeks
2. Break 59,600 US dollars within 20 to 40 days
BTC: Bitcoin has been fluctuating between 60,000 and 70,000 recently. Every time it pulls back to around 60,000, it is an opportunity to buy the bottom and increase the spot position. This period of time in early May may be the last time to pick up people at a low level! The decline of Bitcoin in May is limited. It is likely to choose a downward trend in May. In May, there will be another second bottoming out to confirm the bottom and stop the decline and stabilize (it is difficult to break the 59,600 position again). Finally, there is a high probability that the main upward wave will usher in the market! The upper pressure of the day is 65,000, and the lower support is 62,000.
ETH: The four-hour K-line is positive, and obv is strong and there is still room for rebound. SAR is under pressure near 3290. Even if there is a large rebound during the day, it is likely to only reach around 3290-3310. The support below is around 3130.
