5.5 Market Analysis
Technical side:
The current market has been suppressed by the daily 30-day moving average. In the short term, it is still expected to fluctuate, and no big rise or fall can be seen.
From the data on the chain, it is necessary to control the position at this position, and keep a part of the position to prevent it from touching the 60,000 mark again. The short-term upper resistance is 64,000, the lower support is 60,000, and the upper 3270 of Ethereum is the long-short watershed.
News side
Stablecoins in the exchange have rebounded, but have not returned to the level on April 23. In this round of rebound, BTC rose 8%, but many cottages did not rise that much. This is insufficient funds.
Waiting for the easing of international conflicts, the continued decline in inflation data, and the resolution of the Mentougou crisis, Israel and Hamas have recently begun to negotiate peace. If an agreement is successfully reached, it will trigger the upward trend of the financial market!
