🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
🏆 Commit #USDT# to Share 10,000,000 #PFVS# . The More You Commit, the More $PFVS You Receive!
📅 Duration: 03:00 AM, May 13th - 12:00 PM, May 16th (UTC)
💎 Commit USDT Now: https://www.gate.io/launchpad/2300
Learn More: https://www.gate.io/announcements/article/44878
#GateioLaunchpad#
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The cryptocurrency market showed a divergent trend today, with BTC price failing to hold above the key resistance level of 95,000, indicating short-term adjustment pressure. Technical analysis shows that if it falls below the support level of 93,000, it may drop to 89,000 USD; conversely, if it breaks above 95,500 USD, it is likely to challenge the psychological level of 100,000. Institutional funds continue to flow in, with nearly 1 billion USD net inflow into Bitcoin ETFs in a single day, indicating that long-term confidence remains strong.
ETH price at 1,819, maintaining a range of 1,800-1,850 with fluctuations. However, the MACD momentum is weakening, lacking breakout power in the short term. ETF inflows are stable, with BlackRock's Ethereum ETF adding 20.1 million in a single day, and the long-term fundamentals remain positive. Market sentiment is neutral to optimistic; however, the high leverage warns of the risk of a pullback. It is recommended that investors follow the key support levels of 93,000 (BTC) and 1,800 USD (ETH), and consider buying on dips or waiting for a breakout confirmation.
Strategy suggestion: Short-term traders can follow the BTC 95,000 resistance and ETH 1,850 USD breakout situation; medium to long-term investors can accumulate positions in batches during pullbacks, while being alert to macro events such as the Federal Reserve's interest rate decision on May 7.