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Good evening, I am Teacher Dabin. At present, the market expects dovish investors to bet on interest rate cuts. Despite the signal from the Federal Reserve that it is not in a hurry to cut interest rates, the market's interpretation tends to be more dovish. Investors generally believe that the Federal Reserve may have underestimated the magnitude of the US economic slowdown and are betting that the number of interest rate cuts this year could reach three, totaling 75 basis points. According to the Chicago Mercantile Exchange's (CME) FedWatch tool, the market expects the likelihood of interest rate cuts resuming in June to rise to 62%, significantly higher than a month ago. Behind this divergence of expectations is concern that Trump's tariff policies may trigger inflationary pressures and hinder economic growth.
From the chart, it can be seen that the upward trend of Da Bing is still relatively strong, but in the near future, we see a high possibility of consolidation and volatility
BTC： Yesterday's price was close to the high of $87453.67, and technical indicators indicate that the market is in the overbought zone, increasing the risk of a pullback. If Bitcoin fails to break through this resistance level in the short term, it is expected that the market may experience a pullback, with support levels around $86000. If the price falls below this support level, it may further test the support zone of $84222.75.
Potential for breakthrough and rebound:
If Bitcoin can successfully break through the pressure level of $87453.67, it is expected that the market will continue to develop towards around $88000. However, it should be noted that the risk of a pullback still exists after a breakthrough. Join the language community to grasp first-hand information!
ETH: During the day, ETH rose strongly and approached the key pressure zone of 2120-2150. The main force sold $2313 in this range, including two consecutive four day OKX large orders, indicating that the main force may suppress the price through "hanging order deterrence", and may face a game in the short term.
Operation suggestion:
BTC 83200-84300 long first target to watch 86900 second target to watch 88700
ETH 1950-1970 Long First Goal Look at 2050 Second Goal Look at 2110
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint 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.
