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The market rebounded during the weekend when the market was closed, usually because the main force was creating volatility. This rapid pull-up is often difficult to sustain. Frankly speaking, almost no one dared to buy the bottom yesterday. The Bitcoin market showed a bearish trend on the 3-day, 5-day and weekly levels. The real test will be in May, especially the market shock that may be caused by the Federal Reserve meeting on May 1. Ethereum is slightly stronger than Bitcoin, with the 3-day line continuously gapping up. The current biggest pressure is in the 3396-3430 area (at the 0.618 Fibonacci retracement level).

The market rebounded during the weekend when the market was closed, usually because the main force was creating volatility. This rapid pull-up is often difficult to sustain. Frankly speaking, almost no one dared to buy the bottom yesterday. The Bitcoin market showed a bearish trend on the 3-day, 5-day and weekly levels. The real test will be in May, especially the market shock that may be caused by the Federal Reserve meeting on May 1. Ethereum is slightly stronger than Bitcoin, with the 3-day line continuously gapping up. The current biggest pressure is in the 3396-3430 area (at the 0.618 Fibonacci retracement level).

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