#May Market Outlook# . The cryptocurrency market is showing a choppy uptrend today, with BTC continuing its recent bullish pattern by reaching a peak of $97,500. The 4-hour candlestick chart shows that the tops and bottoms are gradually rising, and the MACD remains bullish. The short-term support level is around $96,000; if it is not broken during the pullback, it could still show an upward trend towards $98,000. ETH, on the other hand, is affected by the Asia-Pacific market, and technical indicators are showing a short-term adjustment. However, if it holds the $1,800 support, it still has the potential to return to $1,900.
The factors affecting the market are as follows. The escalation of trade tensions between China and the US and the tariffs imposed by the Trump administration have led to turmoil in global markets, a sharp decline in Asia-Pacific stock markets, and as a result, pressure on the cryptocurrency market. Bitcoin spot ETF saw net inflows of $675 million yesterday, while Ethereum spot ETF saw net inflows of $20.1 million, indicating institutions’ willingness to buy the dip. The latest high-leverage trade in the market led to 280,000 liquidations, $882 million cleared, and intensified short-term volatility. Market Outlook: - Short-term: If BTC breaks the $96,000 resistance, it could challenge the $100,000 psychological level; ETH needs to eye the key support at $1,500. - Medium and long-term: If expectations of the Federal Reserve cutting interest rates increase, liquidity easing could accelerate a recovery in crypto assets, but caution should be exercised regarding policy and geopolitical risks.
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Moonspid
· 8h ago
Buy to earn 💎
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Surrealist5N1K
· 15h ago
thank you for the information and sharing 🙏🏻🌹☕️
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CryptoBee123
· 16h ago
Bull Run 🐂
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MrSTAR
· 05-04 16:35
Thanks for information.
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SOCIOLOGIST
· 05-04 13:42
Thank you very much for your valuable information. Regards… ☘️🦋☘️
#May Market Outlook# . The cryptocurrency market is showing a choppy uptrend today, with BTC continuing its recent bullish pattern by reaching a peak of $97,500. The 4-hour candlestick chart shows that the tops and bottoms are gradually rising, and the MACD remains bullish. The short-term support level is around $96,000; if it is not broken during the pullback, it could still show an upward trend towards $98,000. ETH, on the other hand, is affected by the Asia-Pacific market, and technical indicators are showing a short-term adjustment. However, if it holds the $1,800 support, it still has the potential to return to $1,900.
The factors affecting the market are as follows. The escalation of trade tensions between China and the US and the tariffs imposed by the Trump administration have led to turmoil in global markets, a sharp decline in Asia-Pacific stock markets, and as a result, pressure on the cryptocurrency market.
Bitcoin spot ETF saw net inflows of $675 million yesterday, while Ethereum spot ETF saw net inflows of $20.1 million, indicating institutions’ willingness to buy the dip.
The latest high-leverage trade in the market led to 280,000 liquidations, $882 million cleared, and intensified short-term volatility. Market Outlook:
- Short-term: If BTC breaks the $96,000 resistance, it could challenge the $100,000 psychological level; ETH needs to eye the key support at $1,500.
- Medium and long-term: If expectations of the Federal Reserve cutting interest rates increase, liquidity easing could accelerate a recovery in crypto assets, but caution should be exercised regarding policy and geopolitical risks.