Bitcoin market: Reference remains unchanged, continue to wait.
Currently, looking at the market alone, the daily line is still hanging, and the 1-hour range is oscillating, and the trend is relatively stable.
To put it another way, the market is also waiting for the direction of market sentiment. Tonight, it still depends on the expression of the Fed officials. How the market interprets it is very important.
For the rise, it still depends on the weekly resistance of 68,000. For the short-term decline, refer to the 1-hour and 4-hour Bollinger band trends. The daily line still refers to the support of the 62,400 mid-line. As I said, if it does not fall below this position, it is still optimistically regarded as the upper track oscillation of the daily level.
The RSI index touched around 68. The market did not rise much, but the RSI rose. The bullish sentiment is not strong enough at present.
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As we expected yesterday, the US stock market did not continue its gains yesterday and closed down. Although the US stock market closed up today, we should not be too objective. The speech of the Fed officials in the early morning is the focus. Secondly, the performance of technology stocks has been poor recently, so there is no need to expect too much new confidence to rise in the US stock market tonight.
The US dollar index is still strong at present, and the price of 10-year US Treasury bonds has fallen slightly.
Gold and crude oil fluctuated greatly during the day. Crude oil continued to stabilize at US$83.38, and gold hit around 2400 again. The current price is US$2396.65/ounce.
CME Bitcoin futures and spot maintain a positive premium of 500 points, and the bullish sentiment is strong.
In summary tonight, the crypto market basically does not need to consider the sentiment of the US stock market, at least on the eve of the Fed's speech. The earliest speech is 00:00, and the second speech is 03:50. If there is no positive sentiment at 00:00, then it depends on the end of the US stock market.
#BTC走势分析 #5月市场关键事件
