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🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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-Analysis on May 7, 2025
❤According to the current data, even if the interest rate is bearish, the monetary policy looks bullish.
On that day: Box pressure, be cautious in chasing long positions, the upper point of the box is temporarily bearish, do not take this short position, there should be no trades today.
Done, anyway, I won't chase more longs.
Resistance levels: 1870, 1930, 98500, 99800 Support levels: 1800, 1750, 95000, 94200
Ethereum of the day: 1840, 1860 attempt short positions, can wait 5 minutes to try again for divergence, may not provide an opportunity, stop loss.
1875, take profit at 1780, 1790, take profit at 1750, 1730 (there may be a risk of hitting stop loss, if concerned, you may choose not to trade)
Bitcoin today: The current price is not suitable for chasing longs. You can slowly refer to the empty positions in the range, short positions with light holdings at 97500 and 98000, stop.
Loss 98200, take profit 93600, 94300
For reference only, control positions and manage, for reference only.