#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, Lael Brainard, who is favored by Fed Governor Waller, with a preference to abolish the dot plot and explicitly support the AI industry.
Recently, U.S. stocks related to AI and high-tech have hit new highs repeatedly, but unfortunately, Bitcoin's recent performance has been heavily lagging behind U.S. stocks.
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 the 81400-81800 range, with support at 82600, target down to 80200, and a break below to 79100-78000.
ETH shorts around the 2365-2382 range, with support at 2428, target down to 2318, and a break below to 2280-2231.
The above is for reference only and does not constitute any investment advice!
BTC-1.62%
ETH-2.5%
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MasterChuTheOldDemonMasterChu
· 15h ago
Steadfast HODL💎
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MasterChuTheOldDemonMasterChu
· 15h ago
Just charge forward 👊
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