To da moon To da moon🛫️🫴 fighting, big rise starts.

U.S. stocks closed mixed on Monday. The Dow Jones Industrial Average rose 0.28%, the S&P 500 index increased by 0.06%, while the Nasdaq fell by 0.1%. Major tech stocks showed varied performance, with Tesla (TSLA.O) up 0.3%, Apple (AAPL.O) up 0.4%, and Nvidia (NVDA.O) down 2%. From the perspective of Federal Reserve rate expectations, according to CME's "FedWatch": the probability of the Federal Reserve keeping rates unchanged in May is 91.1%, and the probability of a 25 basis point cut is 8.9%. By June, the probability of maintaining rates is 37.4%, the cumulative probability of a 25 basis point cut is 57.3%, and the cumulative probability of a 50 basis point cut is 5.3%. Against this macro backdrop, the cryptocurrency market has shown a trend of fluctuating upward. Bitcoin prices have been fluctuating around $95,000, while Ethereum has remained around $1,800. At the same time, the meme and AI sectors have remained strong, presenting an overall positive trend.
After a pullback, the overnight Bitcoin price rebounded again and remains in a range-bound oscillation. This kind of market makes the operational thinking relatively clear; both bulls and bears have profit opportunities if they can seize the range effectively. In the short term, the market rebounded again, with the pullback lows continuously rising, and the characteristics of the early trading session are obvious. Yesterday, after the Bitcoin opened, it oscillated upward with strong bullish momentum, reaching a high of 95000 USD. However, the bears then exerted pressure, causing the price to quickly drop to a low of 93400 USD. During the closing period, buying power increased, pushing Bitcoin to rebound and close above 95000 USD. Analyzing from the hourly chart, the trading volume gradually shrank during the decline, indicating that the downward momentum has slowed. At the same time, the K-line pattern showed a significant number of long lower shadows, indicating that there is certain support below, which is technical.
The trend of Ethereum is basically in sync with Bitcoin. In the early session, it rose to $1800 following market sentiment, then fell back under pressure from bears, reaching a low of $1740, and closing near $1790 in the late session. On the daily chart, Ethereum faced significant resistance around $1800, with multiple attempts to break through failing, indicating strong pressure above. However, from a short-term perspective, the RSI indicator has entered the oversold zone and has started to rebound, suggesting a need for short-term corrective rebound. Currently, the technical chart of Ethereum shows the Bollinger Bands narrowing, with the price operating in the middle to upper range, and once the Bollinger Bands open, it is expected that Ethereum will have some upward space. Additionally, the 1-hour candlestick chart shows a 5 consecutive bullish candles followed by a bearish candle, with a doji formation, which is a reversal signal. It is expected that there will be a slight downward space in the short term, but the overall trend remains bullish. In terms of strategy, it is recommended to focus on entering long positions on dips.