Recently, I’ve been watching the market, and the dollar at the key level of 98.0 is indeed quite interesting. Both bulls and bears are fighting fiercely here, and the subsequent direction may determine the rhythm of the next few trading assets.

First, let’s talk about the euro. The euro/dollar has been fluctuating around 1.1800 these days, and although it has risen for eight consecutive days in the short term, it still seems to have strength. As long as it stabilizes above 1.1800, there’s a chance to push towards 1.2000 or even 1.2200 later. The euro’s rally is quite steady, but if it effectively falls below 1.1700, caution is needed.

On the Aussie side, things are even more intense, nearly reaching 0.7200, hitting a nearly four-year high. The upward trend of this asset looks set to continue until mid-May, as long as it holds above the 0.7100 support, it may continue to attack higher levels at 0.7300 or even 0.7500.

Gold is also gaining momentum, breaking through $4,800 and approaching the psychological threshold of $5,000. Based on the rebound cycle since late March, the momentum of gold is rising again. If it can stay above 4,800, there’s potential to reach 5,000 and 5,200.

Bitcoin is currently around $77,500, breaking through the downward trendline, which is a very important signal. The overall downtrend may have reversed, with the shortest-term upward pressure at its minimum. If it can hold steady at this level, 80k or even 85k is within sight.

Overall, the market is now waiting for the dollar’s direction. Once the dollar’s rhythm is confirmed, euro, Aussie, gold, and cryptocurrencies will follow suit. At this stage, it’s worth paying close attention to the key support and resistance levels of these assets.