Today marks the 320th day of my dynamic posts, without a single day of interruption. Each post is not done half-heartedly, but is prepared with care. [微笑] If you think I am a serious person, you can walk with me, and I hope the content every day can help you. The world is vast, and I am small, so please follow to avoid getting lost. [微笑][微笑]
The cryptocurrency market is showing a volatile upward trend today, with BTC reaching a high of $97,500, continuing the recent bullish pattern. The 4-hour candlestick chart shows that the highs and lows are gradually rising, and the MACD remains in an upward momentum. The short-term support level is around $96,000; if it does not break during a pullback, it can still be bullish towards $98,000. ETH, on the other hand, is affected by the Asia-Pacific market, with technical indicators showing a short-term adjustment. However, if it holds the $1,800 support, it still has the potential to rebound to $1,900.
Market influencing factors include: 1. Macroeconomic Pressure: The escalation of trade friction between China and the United States, along with the tariffs imposed by the Trump administration, has led to turmoil in global markets, a sharp decline in Asia-Pacific stock markets, and consequently put pressure on the cryptocurrency market. 2. Institutional inflow: Bitcoin spot ETF had a net inflow of $675 million yesterday, while Ethereum spot ETF had a net inflow of $20.1 million, indicating the willingness of institutions to buy the dip. 3. Leverage risk exposure: Recent high-leverage trading in the market has led to 280,000 people being liquidated, with $882 million cleared, and short-term volatility may intensify.
Market Outlook: - Short-term: If BTC breaks through the resistance at $96,000, it may challenge the psychological level of $100,000; ETH needs to observe the key support at $1,500. - Mid to long term: If expectations for the Federal Reserve to cut interest rates rise, liquidity easing may help boost a rebound in crypto assets, but caution is needed regarding policy and geopolitical risks.
Take advantage of pullbacks to go long, but strict stop-loss measures are necessary to avoid high leverage operations. The market is still in a sensitive period, and investors should closely follow macroeconomic trends and on-chain data changes.
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LittleGoldfish2097
· 2025-05-05 08:09
Hold on tight, we are taking off soon To da moon 🛫
View OriginalReply0
Krnk
· 2025-05-04 01:46
Awesome post! Truly inspiring and well-written! 👏
Reply0
June
· 2025-05-04 01:39
Happy every day, take a look, look at my sister, there's no free lunch in the game.
View OriginalReply0
GateUser-1f81f16d
· 2025-05-04 01:29
bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run
View OriginalReply0
GreenSuckersMeow
· 2025-05-03 21:50
Persistence is victory just ahead, fighting fighting fighting fighting fighting
View OriginalReply0
GateUser-48d3663d
· 2025-05-03 19:08
bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run
Reply0
HeartInitial
· 2025-05-03 13:25
Hold on tight, we are taking off To da moon 🛫
View OriginalReply0
ListenToMeThankYou
· 2025-05-03 12:36
Hold on tight, we are about to To da moon 🛫Hold on tight, we are about to To da moon 🛫Hold on tight, we are about to To da moon 🛫
Today marks the 320th day of my dynamic posts, without a single day of interruption. Each post is not done half-heartedly, but is prepared with care. [微笑] If you think I am a serious person, you can walk with me, and I hope the content every day can help you. The world is vast, and I am small, so please follow to avoid getting lost. [微笑][微笑]
The cryptocurrency market is showing a volatile upward trend today, with BTC reaching a high of $97,500, continuing the recent bullish pattern. The 4-hour candlestick chart shows that the highs and lows are gradually rising, and the MACD remains in an upward momentum. The short-term support level is around $96,000; if it does not break during a pullback, it can still be bullish towards $98,000. ETH, on the other hand, is affected by the Asia-Pacific market, with technical indicators showing a short-term adjustment. However, if it holds the $1,800 support, it still has the potential to rebound to $1,900.
Market influencing factors include:
1. Macroeconomic Pressure: The escalation of trade friction between China and the United States, along with the tariffs imposed by the Trump administration, has led to turmoil in global markets, a sharp decline in Asia-Pacific stock markets, and consequently put pressure on the cryptocurrency market.
2. Institutional inflow: Bitcoin spot ETF had a net inflow of $675 million yesterday, while Ethereum spot ETF had a net inflow of $20.1 million, indicating the willingness of institutions to buy the dip.
3. Leverage risk exposure: Recent high-leverage trading in the market has led to 280,000 people being liquidated, with $882 million cleared, and short-term volatility may intensify.
Market Outlook:
- Short-term: If BTC breaks through the resistance at $96,000, it may challenge the psychological level of $100,000; ETH needs to observe the key support at $1,500.
- Mid to long term: If expectations for the Federal Reserve to cut interest rates rise, liquidity easing may help boost a rebound in crypto assets, but caution is needed regarding policy and geopolitical risks.
Take advantage of pullbacks to go long, but strict stop-loss measures are necessary to avoid high leverage operations. The market is still in a sensitive period, and investors should closely follow macroeconomic trends and on-chain data changes.