Big pump starting point has arrived, To da moon🛫️🫴 Tower takeoff🛫️🫴

A new day has dawned, and the crypto market has opened a new chapter, with an endless stream of hot topics emerging daily. The current market rise seems to be a natural progression, but how many people regret missing this opportunity? In fact, the operation rules of the market are inherently such. Numerous favorable factors have jointly propelled the bull market forward. On one hand, "Golden Retriever King" Trump continues to pressure the Federal Reserve, making it highly likely that the Fed will take measures to cut interest rates and inject liquidity; on the other hand, the new head of the SEC has taken office, showing a friendly attitude towards cryptocurrencies. Against this backdrop, Bitcoin's price has surged, approaching the $95,000 mark; even Ethereum, which was previously considered to be underperforming by some, has successfully broken through $1,700. The contract market is even more heated, with short positions being liquidated one after another. Meanwhile, the three major U.S. stock indexes rebounded significantly on Tuesday. The market is actively absorbing news of eased trade tensions, with the Dow Jones Industrial Average initially closing up 2.66%, the S&P 500 Index rising by 2.51%, and the Nasdaq Composite Index increasing by 2.7%. All crypto friends must pay attention to Yibo to stay informed.
Trump stated that despite his dissatisfaction with Federal Reserve Chairman Powell for not acting faster to lower interest rates, he has no intention of firing Powell. Just a week ago, he hinted at "studying the dismissal," but a week later claimed he "never considered" it—Trump's abrupt turnaround regarding the Fed chairman caught the market off guard. Gold plummeted over $100 from its high, expectations for interest rate cuts quickly cooled, and the market's nerves were once again stirred by Trump’s "sharp turn." According to CME's "FedWatch": The probability of the Federal Reserve maintaining interest rates in May is 91.7%, while the probability of a 25 basis point cut is 8.3%. The probability of the Fed maintaining interest rates unchanged until June is 32.8%, and the cumulative probability of a 25 basis point cut is 61.8%, with the cumulative probability of a 50 basis point cut.
In recent trading days, we have always adhered to the idea of going long, and the Bitcoin market has been steadily climbing as we expected. In the early hours of the morning, the price of the currency successfully broke through the 90,000 mark. Subsequently, we continue to give long bullish targets to the 93000 - 95000 area. Overnight, the price of the coin hit a maximum near 94058, and the trend is highly consistent with our expectations! From a technical point of view, the long white candlestick is once again pulling higher on the daily chart, which clearly indicates that the short-term bullish trend is clear. The weekly chart also shows the action of probing the resistance of the middle track, although there is a certain degree of retreat after the high, but the overall strength of the decline is relatively limited. The daily K-line stands firmly above the EMA trend indicator, and the EMA indicator is shrinking upward, the MACD indicator continues to increase in volume, the DIF and DEA indicators diverge upwards after crossing the zero axis, and the K-line Dayang pulls up strongly and pierces the upper rail, all signs show that the bulls are constantly strengthening. Looking at the short-term 4-hour chart, the K-line continues to rise in a long white candlestick pattern, constantly breaking through the key resistance level. Against the backdrop of strong bulls, the moving averages continued to rise. At present, although there has been a certain degree of correction, the market bullish sentiment is still high, and it is expected that the upside will still exist. Therefore, from the perspective of short-term operation ideas, it is still wise to continue to go long.
As for Ethereum, we updated our thinking in the early hours of the morning, giving bullish price targets around 1750 and 1800, respectively. Overnight, the price soared to the 1778 line, and the daily K-line directly broke through the EMA30 trend pressure level. It is worth noting that there has been no obvious pullback after the rebound of the currency price yesterday, and we gave a bullish strategy relying on 1600 in the white market, and then the market also gave nearly 180 points of room for growth. At present, the daily K-line has successfully broken through the long-term suppression of the middle rail, although the price of the currency has fallen after the pin tested the upper rail, but it has not fallen back below the middle rail, but there are signs of gradually establishing support near the middle rail. From the analysis of the 4-hour chart, the MACD indicator has continued to increase in volume, and the DIF and DEA indicators have not yet come out of the energy indicator after diffusion, which fully shows that Ethereum's rise is not over, and there is still room for stretching in the future. Therefore, in terms of operation ideas, it is more prudent to wait for the currency price to stabilize and continue to intervene in more orders.