An old leek who has been fighting in the industry's independent trading system for eight years, focusing on primary and secondary fresh goods, Heyue, and capturing web3 opportunities!
Market outlook on May 23
The price of Bitcoin closed down, which was in line with expectations. The daily K-line indicator showed some signs of contraction. The overall trend is to look for support. In the short-term four-hour chart, the price is running in the bol shock. After the MACD fast and slow lines cross and open, the short-selling volume continues to increase. In the one-hour chart, the price is running in the bol falling channel. There is a certain suppression force above 69,800. The short-term support below is recommended to focus on 68,800: and then focus on the extreme support near 66,000!
The fact that Auntie's ETF will be approved tonight is the biggest event in the currency circle recently. So what is the probability of passing? Although everyone says it will be passed, will it be delayed and washed again? The crypto market reverses very quickly, and the leeks have been bloodbathed countless times! The basis for passing at present is that the SEC notified the exchange to accelerate the update of the 19B-4 document on the spot Ethereum ETF, but most of the news sources are gossip! So this still has to be conservative! It is best to wait and see in the short term! If it passes, ETH will continue to rise, directly to more than 4,000, touching around 4,500. The good news is bad news, and a callback will be started. If it does not pass, it will definitely fall, and 3,380 3,100 is support! Current on-chain data: more than 10,000 BTC have flowed into the exchange in the past two days, and there has been a large outflow of stablecoins! Federal Reserve officials also said that they would wait for three to five months of data to continue to go 0w: soft. The Federal Reserve will consider cutting interest rates at the end of 2024, and there are still several months to go on the road to cutting interest rates! On the whole, it is not suitable for radicalism at the moment, but for waiting and watching!
Congratulations to Auntie for returning above 3900. On April 24, the tribe has informed friends to store an appropriate amount of ETH and ecological currencies (as shown in the picture)
Many people are now fomoring when they see the sudden rise of the prices of Auntie and Big Pie in the market. Now that we are in the early stage of the bull market, we must make arrangements in advance, rather than waiting until the bull market comes. So what does the bull market have to do with you?
BTC\ETH support and resistance
Big cake support: 68800 pressure: 72100
Auntie support: 3380 Pressure: 3940
May 23 Hot News
Hot news of the day:
🪅US SEC Chairman: Not all crypto tokens are securities
🪅POLITICO: U.S. House of Representatives members urge SEC to approve Ethereum ETF
🪅Hong Kong Securities and Futures Commission is in talks to allow Ethereum ETF issuers to pledge
🪅Nvidia's US stock price rose 7% before the market opened, breaking through the $1,000 mark
Why are you still losing money in a bull market? This market is a market where everyone is trying to get together. It is difficult to realize wealth value if you fight alone, because your information and market thinking logic are definitely backward!
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Let’s go through the bull and bear markets together, and I will never let anyone down!
