$BTC failed to cross the $64,000 level again today, but did not fall below it.
At the moment, it feels like Bitcoin pricing needs some news, and until that news, good or bad, comes, we could be hovering between $63,000 and $64,000 for a while.
If it's bad news, it wouldn't be surprising to see the price fall back to around $60,000.
On the other hand, if it's good news, it could easily take the
price to $67,000.
When interpreting price movements, we should never forget to interpret volumes.
There has been a steady decline in volume since March and according to historical data, it is quite possible that this decline will continue in May.
Even if there are small sales with low volume, the price may show an excessive amount of volatility.
It may make sense to scalp between $63,500 and $64,000 as the price fluctuates at these levels.
However, make sure to set a stop loss according to your long-term plans.
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$ETH failed to rebound from the $3,300 resistance.
However, on the bright side, it doesn't seem to want to see below $3,100 levels again.
Many news outlets are speculating that the ETH ETF will be rejected in May and there are some who think that the price has already reflected this.
However, if the ETF is rejected, this could cause a serious drop in the price.
If such a sharp drop comes, I would reduce my short positions and start adding long positions.
But I would wait for the Summer to end for that.
Even if the ETF is rejected during this period, I believe that it will trigger a real bull in the fall season and cause a very hard pump.
At the moment I continue to carry my short positions.
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Remember, it is impossible to know the future, but you can plan for future events.
#BinanceLaunchpool #BullorBear #BTC #bitcoin #bitcoinhalving
