Dallas Fed Manufacturing Prices Index for May

🚨UKs FIRST CRYPTO FUND OTW🚨 The UK has historically been a not pro crypto country Even having what many regard as a very anti crypto approach With recent legislation pushes and NOW a MASSIVE asset manager receiving approval for a crypto fund it seems the country is ,

From the recent Candlestick patterns of Bitcoin and Ethereum, the daily chart level shows that the price experienced a rise followed by a fall, and is currently consolidating in the post-decline area, with short-term signs of a stop in the decline. Observing the 4-hour chart, after a significant fall accompanied by increased trading volume, the market has shown a slight rebound, but the overall trend still appears weak. In terms of technical indicators, the DIF and DEA lines are below the zero axis and continue to widen the distance, indicating that bearish sentiment remains strong. It is worth noting that the length of the green bars has decreased, which suggests that downward momentum is weakening. Investors may consider adopting a buy-low-sell-high strategy during subsequent fluctuations. For Bitcoin, focus on support around 102000, with the upper target possibly reaching the range of 103500 to 104500. In terms of Ethereum, there is support at the 2370 level, with upward targets to focus on in the 2440 to 2550 range. The current cryptocurrency market is in a correction phase, influenced by multiple factors including changes in macro policies, geopolitical conflicts, and competition from new ETF products. Market participants should closely monitor the potential impact of these external factors on price trends while formulating reasonable trading strategies based on technical indicators.