05/09 Review Today's market greed index is 55, down 9 points
$BTC Yesterday's highest point was 63007, and the lowest point in the early morning was 60835. BTC support level: 61207, 59839, 56790. Pressure level: 62690, 65308
$ETH Yesterday's highest point was 3037, and the lowest point in the early morning was 2937. ETH support level: 2865, 2800. Pressure level: 3112, 3167, 3277
BTC 12-hour chart: BTC fell 2170 points yesterday. In the early morning, US President Biden issued a notice mentioning cryptocurrencies and the House of Representatives vote, causing the price to fall below 61320, but an hour later, the price quickly returned to the top of the trend line. The price of 61207 is observed during the day. There are three possible trends during the day: 1. Stabilize above 61207, BTC sprints to 65500 2. Consolidate in the range of 61207 - 62690 3. Lose 61207, the price falls back to the next support point 59839
ETH 1-hour chart: ETH fell 100 points yesterday. Affected by the market in the early morning, the price once fell below the 2975 support, and the lowest price came to 2937. Here is a key point. ETH's price quickly rose to above 2980 in just 10 minutes. The price of 3046 needs to be observed during the day. There are two possible trends during the day: 1. Break through 3046, ETH sprints to 3112, 3167 2. Consolidate in the range of 2975 - 3046
This week we have been mentioning this point every day in our review. The price below 65500 is a monkey market. We need to wait patiently for a retracement point and observe whether it can stabilize. Now we need to observe whether this retracement can be effective, end the monkey market, and break through 65500.
Tonight at 8:30pm Beijing time, pay attention to the unemployment benefit data.
