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#Gate广场五月交易分享 #特朗普5月13日访华 The Fed's leadership change coincides with Trump's visit to China, what will happen to Bitcoin afterwards?
The Federal Reserve is about to change leadership, geopolitical situations are changing, what will Bitcoin do next?
A new week, the Iran-U.S. issue did not reach a consensus in early trading, and the market fluctuated back and forth, so this week two major macro events: On May 15, Fed Chairman Powell will hand over the baton to the 17th chairman, Waller, who is inclined to abolish the (dot plot) and explicitly support the AI industry. Therefore, recently, high-tech US stocks like AI have repeatedly hit new highs, but unfortunately, Bitcoin's recent performance has been severely lagging behind US stocks.
Meanwhile, from May 13-15, Trump will visit China, which is very likely to bring some improvement to geopolitical issues!
BTC early trading: switching to daily/weekly charts, price rebounded to fill the gap above the daily line and started to decline, the four-hour K-line shows a bearish engulfing pattern testing the midline support, intraday retested support at 8020, if the daily close breaks this level, the bullish pattern will be completely broken, short-term trading mainly involves high shorting on rebounds.
Around the 81400-81800 range short, defend at 82600, target 80200, break down to see 79100-78000.
ETH around the 2365-2382 range short, defend at 2428, target 2318, break down to see 2280-2231.
The above is for reference only, not investment advice!