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The cryptocurrency market continued its strong performance today, with BTC breaking through the $97,000 mark, currently reported at $96,320, demonstrating strong upward momentum. This trend is attributed to the macro environment of a broad rally in the US stock market, with the Dow Jones, S&P 500, and Nasdaq all recording gains. Strong earnings reports from tech stocks such as Microsoft, Meta, and Nvidia have alleviated market concerns about a slowdown in AI spending.
From a technical perspective, the Bollinger Bands on the 4-hour chart for Bitcoin are widening, with the middle band providing effective support and a short-term upward trend presenting a buying opportunity on pullbacks. If BTC can stabilize above 96,000 USD, the next target may challenge the 100,000 USD mark. ETH is rebounding in conjunction with Bitcoin, but its performance is slightly weaker relative to BTC. However, there is selling pressure at the 1,900 mark, so it's important to pay attention to signs of stabilization on pullbacks. Additionally, SOL has broken through the key resistance level of 150 USD, indicating overall positive momentum for mainstream cryptocurrencies.
In terms of altcoins, BONK, Sui, and TRUMP have been active due to the warming market sentiment. The market sentiment is optimistic, but one should be wary of the potential fluctuations that may arise from key economic events in May (such as the Federal Reserve's interest rate decision and CPI data).
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LittleGoldfish2097vip
· 05-05 08:16
2025 Charge! 👊
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GateUser-fc190df7vip
· 05-03 07:54
Bull Run 🐂
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WealthComesFromAllDivip
· 05-02 16:19
Persistence is victory just around the corner, fighting fighting fighting fighting fighting
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XiaoXiangvip
· 05-02 15:12
Steadfast HODL💎
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LittleDolphinvip
· 05-02 13:43
lake water blue-green algae
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BreakThroughTheJaggedvip
· 05-02 13:36
It's either a rise, a fall, or a sideways fluctuation; that's all there is to the market.
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LifeIsLikeACupOfvip
· 05-02 12:12
Steadfast HODL💎
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