To da moon🛫️🫴Tower takeoff🛫️🫴fighting fighting fighting!

Last night at 8:30, the US GDP data was released, unexpectedly recording a negative growth of -0.3%. This result was like a heavy bombshell, instantly igniting the market's risk-averse sentiment. The US stock market reacted first, with the three major indices collectively plummeting, and the VIX fear index soaring. As a risk asset, Bitcoin also found it hard to remain unscathed, following the trend of the US stocks with significant declines. Subsequently, the PCE inflation data released at 10 PM met expectations, which did not bring much surprise to the market. The price of Bitcoin fluctuated violently within a small timeframe, putting on a "roller coaster" performance. However, it is worth noting that as market sentiment gradually calmed, Bitcoin returned to its original trend path around midnight, and its 30-minute oscillation range pattern remained solid, fully confirming the technical analysis concept that "news can only cause short-term disturbances."
At the close on Wednesday, the US stock market showed a mixed performance. The Dow Jones Industrial Average initially rose by 0.35%, closing at 40669.36 points, experiencing a strong rebound in the late trading session after a significant decline in the early hours; the S&P 500 index increased by 0.15%, closing at 5569.06 points, indicating some signs of stabilization in the market; the Nasdaq fell by 0.09%, closing at 17446.34 points, with relatively weak performance from tech stocks. Large tech stocks had mixed results, with Tesla(TSLA.O) down 3.38%, Amazon(AMZN.O) down 1.58%, Apple(AAPL.O) up 0.61%, and TSMC(TSM.N) up 1.26%. According to CME's "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged in May is 94%, while the probability of a 25 basis point cut is 6%. The probability of the Federal Reserve maintaining interest rates unchanged until June is 32.9%, with the cumulative probability of a 25 basis point cut at 63.2%, and the cumulative probability of a 50 basis point cut at...
Bitcoin yesterday rushed up again above 95,000 and continued to fall under pressure, the lowest probe near 92,800, breaking through the four-hour lower rail, and charging the lower shadow line, the price returned to the track again, after being suppressed from above, although the upper did not form a break, but the lower low point continued to move upward, the market bulls are still the dominant advantage of occupiing, the day of the break is also just around the corner, the daily line relies on the short-term moving average to show an upward trend, and the weekly line continues to form a continuous yang volume trend, and the weekly line is in the medium term strong rise market. Therefore, this week's short-term operation is still dominated by retracement. The 4-hour chart relies on the Bollinger Dow mid-track bullish lifeline to form a retracement and high trend, yesterday's late retracement in the middle of the rapid downward rebound, the downward probe is for the bulls to correct the momentum for further upward preparation, the end of the rapid recovery to regain lost ground. This week, the opening is still high, and the previous retracement low is an important support point. After a series of retracements on the hourly chart, for now, the retracement space is limited, and the price of Bitcoin is back to trading around 94000 again. If it can stabilize at this price, there will still be further upward momentum in the future; On the contrary, if the close of today and tomorrow falls below this level, the short-term may turn into a weak market. Follow-up short-term operations need to pay close attention to the rotation of long and short forces. What needs to be paid attention to in the follow-up short-term is long and short.
Ethereum is also in a volatile range, peaking at 1815 before starting to pull back, with a low touching the 1730 line. On the four-hour level, the price has dipped but failed to hit the bottom, indicating a potential upward correction. The small cycle repair has achieved a substantial transformation, with the upward running channel preliminarily opened, and the price is gradually recovering along the lower track. It has now stabilized and is rising above the middle track. After the bearish volume has been released, there is a quick reduction in volume transitioning to bullish. Although there is some sign of consolidation in the short term, the upward channel space is yet to be released. Therefore, with the current momentum, we can expect an attack on the upper high points in the future. The trend is already very clear, so we should only take trend positions and go with the flow. For intraday operations, we mainly focus on low long positions.