ETH falls below the $2650 mark
OKX-ETH/USDT is currently trading at $2655.47, with a 24-hour increase of 7.58%. Please be aware of market fluctuations.
Click on the link to enter Tencent Meeting Live: https://meeting.tencent.com/p/5658778060 Daily level: 1. Within the moving average market, the trend is still in an upward channel, with MA120 turning upwards and MA30 already crossing the golden cross of MA120; So the overall trend has not changed, and there is no judgment of the top before the coin price falls below the moving average; 2. In Boll's market, yesterday's downward injection did not change any trend, and the upper and lower tracks are still opening up. The upward channel is clear, so the market has not formed a stagnant form. Therefore, the main direction for this week is to continue the upward attack; 3. In the market of quantitative energy, the trend of VR has been fluctuating between high and low in the past two weeks, and the shape is very ugly. Yesterday's downward adjustment finally started, so we are temporarily looking at changing hands. This action needs to continue, and it is expected to take about 2 weeks to adjust to the best within 100-150; The trend of OBV, although somewhat affected by the volume and energy market, has not retreated on a large scale. Therefore, this week's market will continue to maintain an upward trend, completing the task of advancing three times and retreating two times; 4. The range of potential energy, although not ending the bullish pattern, is also beginning to show signs of decline. Therefore, the market needs to choose to adjust, so it takes some time for potential energy to digest the high-level pattern, and May is the best node; Although there is an expectation of price adjustment for CCI, it cannot fall within the range of 100, which is the fundamental reason for maintaining an upward trend; 5. In a balanced market, there are not too many directions today, and the end clouds have not expanded after the upward channel. Therefore, maintaining the current upward channel view, we can continue to hold positions; In summary, do not expect the arrival of a bullish candlestick for the daily trend, as the goal of this week is to stabilize prices near the previous high and then make effective adjustments. The May 19th turning point of the weekly trend next week will be the real decisive moment; QQ group number: 701829134 Aicoin: https://aicoin.com/link/chat?cid=2ARLLeaoM Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
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Odaily Planet Daily News: Recent data shows that the correlation between Bitcoin (BTC) and the US stock market is weakening, which may enhance its attractiveness as a safe haven asset and investment portfolio diversification tool, making the market feel that Bitcoin is more like a "diversified asset" rather than a safe haven asset. Analysis indicates that although Bitcoin is still influenced by macroeconomic factors, its linkage with traditional risk assets has decreased. In addition, institutional investors' interest in Bitcoin continues to grow, and some companies have included it in their balance sheets. Experts believe that as market confidence in US dollar assets fluctuates, Bitcoin may play a greater role in investment portfolios. (Cointelegraph)
According to Foresight News, Coinbase CEO Brian Armstrong announced that recruitment is open to all former Ministry of Efficiency DOGE employees. Brian Armstrong reposted a popular video on Fox News about Ethan Shaotran, a 22-year-old Harvard dropout and DOGE member.
Odaily Planet Daily News: Recently, multiple indicators on necklaces have shown that Bitcoin (BTC) may be forming a "double top" pattern similar to that of 2021. The current price is close to the high of about $109000 set in January, but there is a bearish divergence in the weekly RSI, and trading volume continues to decline on cryptocurrency and institutional platforms. In 2021, Bitcoin quickly fell back after reaching a high of about $65000 in April, and then hit a new high again in November, ultimately entering a bear market that lasted for a year. Analysts point out that although the current market environment is different, technical indicators are similar to those of the past, and investors should pay attention to potential risks. (CoinDesk)