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the journey of chief trader
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BTC has hit the point 62,000, and ETH falls below 3,000 mark. The real breakig market trend is coming‼ Whether it is to make those bulls or bears suffer huge losses, this market trend is a key decision point‼ The breaking market trend is coming‼ #MayMarketHighlights #BTC_MARKET_UPDATE #BTC

BTC has hit the point 62,000, and ETH falls below 3,000 mark.

The real breakig market trend is coming‼ Whether it is to make those bulls or bears suffer huge losses, this market trend is a key decision point‼

The breaking market trend is coming‼ #MayMarketHighlights #BTC_MARKET_UPDATE #BTC

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the journey of chief trader
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Judging from the current trend, 65200 is the dividing line between bull and bear markets, which has not been stabilized.#BTC #bitcoin #May2024Battle
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As a long-term trader for Ethereum, I believe that Ethereum trading is actually a double-edged sword. First, Ethereum’s stoploss is easy to be controlled, which is a advantage for us. Although those shady manipulators have strong control over the market, the amplitude of price movement of Ethereum is relatively small, so its stoploss is easy to be controlled and the its positions can be expanded, making considerable profits. Second, its disadvantage is fatal. For example, the exchange rate of ETH is basically either always strong or always weak. Once Bitcoin strengthens and ETH weakens or vice versa, Ethereum will enter a long-term narrow range oscilliation, which is not beneficial to traders. So nothing is absolutely good or bad. Small amplitude of the movement of ETH has its advantages and disadvantages.#BinanceTournament #CPI_DATA #ETH🔥🔥🔥🔥
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Yesterday, many people commented that ETH movement was a box range oscillation and it was difficult to take entry in the market. In fact, this statement is not quite correct, because the box range oscillation generally is completed in a short time, without significant increase and delcine. However, this market movement was not in line with the features of box range oscillation. First, the market took a long time to complete a round of ups and downs in 30 hours. Second, the rise and fall have reached more than 5%. Therefore, this movement of ETH cannont be summerized by the box range oscillatio. It is not quite correct. But it can be referred to as wide-range oscillation is more appropriate. #BinanceTournament #CPI_DATA #ETH🔥🔥🔥🔥
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Bros.As I told you before, after the, Fed Chairman Powell beat around the bush at the Fed meeting last night, neither releasing a signal of interest rate cuts nor a signal of maintaining long-term high interest rates. Therefore, I have predicted that the market will fall first and then rise in my previous article. Is our prediction accurate? From the current point of view, it is accurate to fall first. Then I expect that there will be a rise around tonight or tomorrow at noon. Although everyone has been concerned about the CPI, I told you that CPI is not a matter. But interest rate cuts are important. Therefore, we predicted that the market will experience a drop first an then go up according to our previous analysisi of the Powell's speech. From the current market situation, it is completely in line with our expectations, and Ethereum has also reached the Fibonacci 0.786 ‼ At present, Fibonacci 0.786 has a good support. The next step is to wait for a breakout of this downward channel pattern. If it is successfully broken and the price moves back to $3640 , the market will soon usher in a significant rise.#interestrate #CPI_DATA
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Regarding to the infromation of Bitcoin crash, I want to share my opinion with you. So far, this informaton is unfounded, but if it is confirmed, it will make you rich. First of all, this crash was released yesterday without any news. Two major news of the Federal Reserve and CPI are released today. I can assume that this crash is those shady manipulators have taken advantage of the major negative news in advance, leaving the possibility of positive news of rise. Because the Federal Reserve is unlikely to release any negative news, and the news of interest rates cut will be released sooner or later. So this wave of decline will digest the negative news in advance and leaves only the positive news, which will push a subsequent surge. Second, Bitcoin fell to 72,000, and Ethereum fell from the range between 3,950 and 4,000 accroding to the market situation, which will be a catalyst for luring more investors to go long and shaking out longs to prepare for a subsequent surge. Therefore, I am more inclined to believe that the market will experience a surge and will be bullish. Maybe ETH will rise from near 3,500, or it will continue to fall and then rise.#FederalReserve #etherreum #ionet
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Important news is about to be released‼ ️Will it trigger a major change in Bitcoin⁉️Can the bull market continue⁉️ The night of the Fed's interest rate cut, tonight is the moment to decide the life and death of many retail investors in the currency circle. Why is this Fed meeting so important⁉️Because the news of the interest rate cut is about to be confirmed, if it is confirmed tonight, it will be a major positive, and the price of Bitcoin will immediately soar‼ ️ Ethereum's pressure level is concentrated in the area of ​​3570 to 3620. If it does not break through, it will still maintain the previous downward trend. Once it breaks through, the market will start to turn to long, so you can take advantage of tonight's volatility to enter the market‼#FederalReserve #ionet
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