Bitcoin and Ethereum can they surge again? Will the market be driven by a rift between Europe and the US? Actually, there are quite a few uncertainties in the recent market. Trump does not plan to nominate the dovish Harshest as Federal Reserve Chair, and the rate cut expectations have cooled off significantly, leading to a sharp decline this week.
Next week, focus on Trump's speeches, the US Supreme Court's tariff rulings, PCE data, and the European Central Bank meeting.
Currently, the daily chart has closed in the red for four consecutive days, and MACD shows signs of forming a death cross. In the short term, a pullback is highly likely. It is recommended to short on rebounds and at high points.
Short Bitcoin at the 96,200 resistance level, and if it breaks below 94,200, look at 93,000-91,600; Short Ethereum around 3,340-3,350, with a target of 3,260-3,200.
For those with existing positions, follow the trend cautiously. If you haven't entered the market yet, don't rush. Wait until next week when the trend becomes clearer before taking action. Follow a clear strategy to stay safe; blind trading will only waste effort.
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Bitcoin and Ethereum can they surge again? Will the market be driven by a rift between Europe and the US? Actually, there are quite a few uncertainties in the recent market. Trump does not plan to nominate the dovish Harshest as Federal Reserve Chair, and the rate cut expectations have cooled off significantly, leading to a sharp decline this week.
Next week, focus on Trump's speeches, the US Supreme Court's tariff rulings, PCE data, and the European Central Bank meeting.
Currently, the daily chart has closed in the red for four consecutive days, and MACD shows signs of forming a death cross. In the short term, a pullback is highly likely. It is recommended to short on rebounds and at high points.
Short Bitcoin at the 96,200 resistance level, and if it breaks below 94,200, look at 93,000-91,600;
Short Ethereum around 3,340-3,350, with a target of 3,260-3,200.
For those with existing positions, follow the trend cautiously. If you haven't entered the market yet, don't rush. Wait until next week when the trend becomes clearer before taking action. Follow a clear strategy to stay safe; blind trading will only waste effort.