Track real-time hotspots in the crypto world and seize the best trading opportunities. Today is Wednesday, May 7, 2025. Good morning, fellow coin friends ☀hardcore fan daily attendance 👍 Like and make big money 🍗🍗🌹🌹

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U.S. stocks closed lower on Tuesday, with the Dow Jones Industrial Average initially down 0.95%, the S&P 500 index down 0.77%, and the Nasdaq down 0.87%. Tesla (TSLA.O) fell 1.7%, Palantir (PLTR.N) dropped 12%, and Gilead Sciences (GILD.O) decreased by 4.8%. Last night, the crypto market showed remarkable performance, as the originally stable oscillation was disrupted by a sudden strong surge, leading to another round of short liquidations. Today, Ethereum is undergoing an upgrade, and the altcoin market is experiencing significant rotation. Meme, DeFi, fan tokens, AI sectors, and those expected to receive approval for spot ETFs are likely to become popular sectors, so it is recommended to keep a close watch and seize real-time dynamics in a timely manner.
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Yesterday, the price of bitcoin retraced to the 93300 line and then stopped falling. During the overnight session, the price rebounded all the way, and this morning it rose strongly to the 96800 line, and the rebound was stronger than expected. Looking at the overall market, this morning's sharp rise has effectively repaired some of the recent losses. After Bitcoin broke through 95500, the bears' strength was further weakened, and the bulls showed obvious signs of recovery in the technical pattern. The sudden rise in prices was mainly driven by fundamental factors, and news related to the Sino-US tariff negotiations injected strong impetus into the upward movement of currency prices. Technically, both the four-hour and hourly technical indicators show strong bullish signals, and the price is in a divergent upward trend, and there is still room for upside in the short term. However, as the fundamentals are gradually digested, the upward momentum may weaken. It is expected that after a short period of shock consolidation, the price is expected to rise again to test the key pressure level above.
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Ethereum's trend is aligning with Bitcoin, quickly rising to break through 1800 this morning. Currently, both have an upward breakout momentum, but Ethereum's room for growth is relatively small, only recovering the space lost yesterday. The large bearish K-line quickly forms a long lower shadow, indicating continued bullish trend. However, whether the bullish momentum can be sustained for an upward breakthrough remains to be seen. On the 4-hour chart, Ethereum's price has formed three consecutive bullish candles, breaking the weak trend of yesterday, with bullish momentum continuing. The morning strategy today continues to be optimistic about this bullish continuation; in a strong market, it is not advisable to call a top too early. #Gate.io 币种上新 #以太坊 Pectra 升级 #Strategy 再增持 BTC