May 29th, Kònggǔ: After continuous high-level fluctuations, where will the trend go?

CN
8 months ago

After continuous high-level oscillation, where will the trend go?

① 22:00 US May Richmond Fed Manufacturing Index

② 01:45 the next day, Williams of the Federal Reserve will attend a roundtable meeting

③ 02:00 the next day, the Federal Reserve will release the Beige Book on economic conditions

  1. Daily chart: After the price tested the 60,000 support level and maintained oscillation above it, a later pullback without breaking this level is still an upward trend.

  1. 1-hour chart: After a short-term breakthrough of the 66,000 support level, there was a slight pullback. If the pullback does not break this support, there is still a trend of continued upward movement.

Ethereum

  1. Daily chart: After oscillating and testing the 3,100 support level, the price rose again. If there is a pullback without breaking this key level, it is still an upward trend.

  1. 1-hour chart: After a short-term breakthrough of the 3,650 support level, there was some adjustment. If the trend does not break this support during the pullback, there is still a trend of continued upward movement.

I. Bitcoin

  1. Yesterday's view:

Summary: After a short-term breakthrough of the 66,000 support level, there was a slight pullback. If the pullback does not break this support, there is still a trend of continued upward movement. Resistance above is at 70,600 and 73,440; if it breaks below, it will initiate a pullback trend, with support at 63,400 and 60,600.

 2. Future trend:

The future trend has not broken the 66,000 support level and maintained narrow oscillation, reaching a high of 68,983.

II. Ethereum

  1. Yesterday's view:

Summary: After a short-term breakthrough of the 3,650 support level, there was some adjustment. If the trend does not break this support during the pullback, there is still a trend of continued upward movement. Resistance above is at 4,010 and 4,150; if it breaks below, it will initiate a pullback trend, with support at 3,470 and 3,320.

 2. Future trend:

The future trend has not broken the 3,650 support level and maintained oscillation, reaching a high of 3,934.

I. Bitcoin

Summary: After a short-term breakthrough of the 66,000 support level, there was a slight pullback. If the pullback does not break this support, there is still a trend of continued upward movement. Resistance above is at 70,600 and 73,440; if it breaks below, it will initiate a pullback trend, with support at 63,400 and 60,600.

II. Ethereum

Summary: After a short-term breakthrough of the 3,650 support level, there was some adjustment. If the trend does not break this support during the pullback, there is still a trend of continued upward movement. Resistance above is at 4,010 and 4,150; if it breaks below, it will initiate a pullback trend, with support at 3,470 and 3,320.

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