🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
🏆 Commit #USDT# to Share 10,000,000 #PFVS# . The More You Commit, the More $PFVS You Receive!
📅 Duration: 03:00 AM, May 13th - 12:00 PM, May 16th (UTC)
💎 Commit USDT Now: https://www.gate.io/launchpad/2300
Learn More: https://www.gate.io/announcements/article/44878
#GateioLaunchpad#
4.5 Saturday, Bitcoin latest market analysis:
Yesterday, a bearish outlook was provided at 81800, and it perfectly hit the lowest point of around 81600 for take profit during the day! It rose to a high of 84580 in the early morning before falling back to a low of 83449. The exchange rate is currently oscillating and adjusting above 84000 again. The pattern is basically similar to Bitcoin's trend, rising to a high of 1828 before facing resistance and falling back, with overall volatility being relatively smaller compared to Bitcoin.
On the 4-hour line, the price ratio has once again returned above the middle track, and in the short term, it remains in a high position with a short squeeze upward trend. The MACD has formed a golden cross below the zero axis, and all three KDJ lines are trending upwards, indicating that there is still upward space. During the day, there will still be a test of the strong resistance level of 85000 above.
On the hourly chart, the three consecutive bullish candles from evening to early morning have created an upward trend at the bag's mouth. The last two bullish candles include one that closed as a spinning top and another with a long lower shadow, indicating significant downward pressure in the short term. To prevent a false breakdown, one must be cautious of a rebound. If there is a lack of strength in retracement during the day, the long-short strategy needs to change. The short-term layout should continue to follow the previous Silk Road strategy.
Short-term morning Bitcoin reference around 84500, looking at 82000; Ethereum reference at 1830, looking at 1750. #荣誉积分抽奖,赢MacBook Air和精美周边# #关税政策后市场分析# #HODLer Airdrop - SUT 空投进行中#