5.27 Market Analysis
A new week has begun, and it is the end of the month again. The trend of this week will affect the closing of the monthly line. Last week, after the stimulus of the news, it has been fluctuating widely at a high level. This week, we need to pay attention to whether the weekly level of the market can have a medium-sized positive line to break through 71,600 to repair the attached chart indicator and drive a better trend. In the next two days, it is likely to maintain a wide range of fluctuations between 66,300 and 71,600. If it falls below 66,300, we need to pay attention to the support of the range of 63,000 to 64,000. However, in the face of such support and resistance, we can just buy low and sell high.
ETH was still relatively strong last week. After the stretch, it also consolidated at a high level and oscillated widely. The short-term upper resistance of 3930 and the lower support of 3660 fluctuated in a range. We will focus on the four-hour trend during the day. If it does not break, it will most likely go high again, and then consolidate. If it goes according to my expectations, it will still be an opportunity after consolidation. Pay attention to the upper resistance of 3930~4065 and the lower support of 3660~3794-3730 during the day.
News:
Last week, in order to win votes, Trump said that he would support the self-custody rights of 50 million cryptocurrency holders across the United States, and would make congressmen who oppose cryptocurrency go away. So no matter whether Trump can be elected in the end, the influence and voice of cryptocurrency in the world's political and economic fields are gradually increasing, which is definitely good for the crypto market!
Next week, focus on Friday night at 8:30
The US April core PCE is released, which is bearish if it is higher than expected
If it is lower than expected, it is positive
Sports fan section
Euro Cup: June 14-July 14
America's Cup: June 20-July 14
Paris Olympics: July 26-August 11
Ai section
ChatGPT-5 will be released in June and July this summer
Apple Developer Conference (June 10) may announce the latest AI progress
layer2
If Ethereum's spot ETF is listed, it will be good for the Ethereum series
If it extends further, it is to pay attention to the rwa section and the chain game section
ETC halved on June 16
