Market Analysis

$BTC : Bitcoin fell yesterday due to the unusual movement of the Mentougou compensation wallet. After a day of retracement, it received obvious support near 67,300 yesterday and is currently on the way back to the 70,000 US dollar mark. The current market does not allow deep retracements because the market sentiment has been fully mobilized. Bitcoin will continue to rise at the 4-hour level and challenge the 70,000 mark again, and then the new high of 73,777. In short, May is about to pass. I have said before that every retracement is the best opportunity. After May, there will be no more opportunities to hold cheaply.

$ETH : Ethereum dropped to 3800 twice today and inserted two long needles. However, the buying at this point is also relatively strong. It can be regarded as a short-term key confrontation point. If it cannot hold today, it means that the short-term rush to 4000 is over, and the market needs a few weeks to adjust until the ETF speculation has the next progress. If it can stay above 3800, then this round of upward rush is not over. It is possible to stand at 4000 or even hit the previous high of 4868 within a week or two. The long-term rising ceiling of ETH is still good. Compared with Bitcoin, it has not yet set a new high in this bull market, which is better than Bitcoin.