#Gate广场五月交易分享 #特朗普5月13日访华 The Federal Reserve's leadership change coincides with Trump's visit to China. What will happen to Bitcoin next?


The Federal Reserve is about to change its leadership, geopolitical situations are becoming unpredictable. What is Bitcoin's next move?
A new week begins, and the Iran-U.S. issue did not reach a consensus in early trading, with the market fluctuating back and forth.
This week, two major macro events: On May 15, Fed Chair Powell will hand over the reins to the 17th Chair, Jerome Powell, with Waller expected to succeed him. Waller's personal views lean toward abolishing the dot plot and explicitly supporting the AI industry.
Recently, high-tech stocks like AI have hit new highs repeatedly, but unfortunately, Bitcoin's recent performance has been heavily lagging behind the US stock market.
Meanwhile, Trump’s visit to China from May 13-15 is highly likely to bring some positive developments on geopolitical issues!
BTC's early trading shows a change to the daily/weekly chart, with prices rebounding to fill the gap above the daily line and then starting to decline.
The four-hour K-line shows a bearish engulfing pattern testing the midline support, with intraday pullback to support at 8020.
If the daily close falls below this level, the bullish pattern will be completely broken, and the short-term strategy is mainly to rebound and then short at high points.
Shorts around 81400-81800, with support at 82600, target 80200, and a break below to look at 79100-78000.
ETH short around 2365-2382, with support at 2428, target 2318, and a break below to see 2280-2231.
The above is for reference only and does not constitute any investment advice!
BTC-1.68%
ETH-2.56%
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MasterChuTheOldDemonMasterChu
· 15h ago
Buy the dip 😎
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MasterChuTheOldDemonMasterChu
· 15h ago
Just charge forward 👊
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