5.02 --- The market will be out today, and it

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The Federal Reserve announced at the Monetary Policy Committee FOMC that the target range of the federal funds rate will remain at 5.25% to 5.50%, and QT will be slowed down from June, as expected by the market.

The trend of Bitcoin K-line is very weak. After the monthly line closed, the overall level weakened and collapsed. It will take some time to repair. In the short term, when will the K-line technical side bottom out, and even begin to focus on the target of around 40,000.

The data side of Bitcoin market may reverse today, and large short positions will be fully delivered and profited out during the day.

Daily level market

- ​​The daily level fluctuates weakly downward, breaking the bottom again and again. The short-term K-line market is not good, with upper pressure around 59,500 and bottom support around 55,000.

4-hour level market

- ​​The 4-hour level is in a downward trend, with the bottom support around 56,500, and upper pressure around 59,500 and 58,500.

Intraday level analysis

---- Bitcoin rebounded in the short term and then continued to weaken. It is possible to go to 55,000 at any time to test the market ups and downs. The bottom support is around 56,500, and the upper pressure is around 58,500 and 59,500.

If 56,500 falls below, the market will be dangerous again.

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