5.7 Market Analysis: With the FOMC meeting approaching, can Bitcoin break through?

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丁君羡
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2 days ago

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  BTC: The price of Bitcoin was positively influenced by favorable news in the early session, directly initiating a daily-level rebound, testing the previous resistance at 98,000 again. Although there was a slight pullback during the day, the strength was not very strong. Based on this trend, it is highly likely that there will be another upward rebound in the evening session, with attention on the resistance area around 98,500-99,000.

ETH: The mainnet upgrade has just been completed, and there hasn't been much volatility. The recent rebound is still too weak, and the outlook remains bearish. The minor resistance is around 1,880-1,900, with support near 1,760.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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