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In the past week, market investors' worries about trade tensions have eased further. In addition, despite a mixed bag of economic data, the unexpectedly strong non-farm report has also alleviated concerns about economic growth slowing down. In the coming week, the market's attention will turn to central bank interest rate decisions, including those from the Federal Reserve and the Bank of England. In terms of economic data, service sector PMIs from multiple countries around the globe will be released. The US earnings season will also continue to progress. The Federal Reserve is set to announce its latest interest rate decision next week, with expectations that rates will remain unchanged, despite President Trump's recent pressure on the Fed. Market focus will be on the Fed's policy statement and Powell's press conference to look for indications on whether a rate cut might be possible later this year to boost the economy.
Bitcoin touched the 95757 level again in the late session before rebounding, which is a significant point. Previously, the peak of Bitcoin was also in this range, and multiple dips have not effectively broken below it, with the resistance level gradually turning into key support. The current market is in a state of fluctuation, with two possible future trends: a continued slow decline or a rebound from the bottom, and the gain or loss of this point will directly determine the subsequent market direction. From the daily chart, Bitcoin experienced a high and then a pullback yesterday, forming a long upper shadow; today it rebounded from the bottom, showing an alternating pattern of bullish and bearish movements that correspond to each other. The 4-hour chart shows that the Bollinger Bands are still opening upwards, but this pullback has been relatively large, with the price dropping from the upper band to the middle band. However, the middle band has strong support, and there are currently no signs of a break below it, so this pullback can be seen as a normal correction in the uptrend. In future operations, investors need to pay close attention to the 95800 support level and continue to be bullish on Bitcoin.
Ethereum has shown significant price fluctuations overnight, dipping to a low of 1806 before bouncing back, and reaching a high of 1847, but then faced pressure and retreated at this price level. From a technical structure analysis, the mid-line position on the 4-hour chart has demonstrated strong support, with multiple price dips receiving support and bouncing back at this level, indicating its important significance for the bulls. On the hourly chart, the channel flattening suggests a balance between bullish and bearish forces in the short term, with the market in a relatively stalemated state. Currently, prices are oscillating within a relatively narrow range without clear one-sided trend signals. Considering that weekend market liquidity is usually affected, with trading activity decreasing, price fluctuations may be further limited. Therefore, it is recommended to operate around the range key points, attempting a high sell low buy strategy within the overnight fluctuation range of 1800 - 1860, while strictly setting stop losses to guard against potential unexpected market movements.
TRUMP-1.24%
BTC0.8%
ETH0.38%
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