Chuangjin Community - Analysis on May 8, 2025

The news is generally positive, and there is still the possibility of the Federal Reserve lowering interest rates this year. Adjusting based on market factors, what Chairman Powell said indicates that high inflation suggests rates won't drop quickly. However, domestic interest rate cuts and reserve requirement reductions do not have a significant impact on blockchain, but in the long term, they are related to the economy ( trading market, real estate market, and bone market, with positive correlations ).
General direction: The only negative factor is the tariff issue. There will be slight fluctuations at high levels from May to June. Once Bitcoin adjusts, other altcoins will drop quickly.
On the day: Ethereum is in a one-hour range oscillation, Bitcoin has broken the range and created a divergence. During the day, we will first look for bearish opportunities and then bullish ones. For the oscillation down, we will trade Ethereum, and for buying long, we will trade Bitcoin. Today, the main outlook is bullish.
Resistance levels: 1870, 1930, 98900, 10000 Support levels: 1800, 1780, 96000, 95000
Ethereum on the day: Yesterday's major upgrade was successful, the current price in the live room is over 1820 with additional buy orders at 1800 and 1790, stop loss at 1775, take profit at 1860, 1890, 19300. The probability of Ethereum breaking out of the range is high, approaching the daily golden line (.
Bitcoin Today: Starting to pay attention at 96500, long positions at 96200 and 95500, stop loss at 95100, stable take profit at 98500, take profit at 99500, 100K, Bitcoin still has one more accelerated spike upwards.