#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—where will Bitcoin go next?

With the Federal Reserve set to change its leadership and geopolitical conditions taking a turn for the worse, how will Bitcoin move next?
In the new week, the Iran-U.S. issue has not reached an agreement in early trading, and price action keeps stabbing back and forth. So, this week’s two major macro events are: on May 15, Fed chief Wash will take over the reins from Powell and become the 17th Chair; Wash’s subjective views lean toward abolishing the dot plot, and he clearly supports the AI industry. As a result, lately AI and other high-tech U.S. stocks have been setting new highs one after another—unfortunately, however, Bitcoin has recently been dragging badly relative to the U.S. stock trend. At the same time, from May 13 to 15, Trump will begin his visit to China, which is highly likely to bring some improvement on geopolitical issues!
BTC switches its daily/weekly chart at the open; the price rebounds to fill the gap above the daily line, and then starts to fall back. The 4-hour candlestick chart shows a bearish engulfing pattern while probing the middle-band support. During the day, it retraces to test support at 8020. If the daily close breaks below this level, the bullish pattern will be completely ruined. For intraday short-term trades, the focus is mainly on rebounding first, then going short at higher levels.
For shorts targeting the 81400-81800 range, defend 82600; targets are a break of 80200, then look down to 79100-78000.
ETH shorts around 2365-2382, defend 2428; if 2318 breaks, look down to 2280-2231.

The above is for reference only and does not constitute any investment advice!