BTC and ETH Surge Analysis

The reason for the surge in BTC BTC and ETH late at night was found️The situation was reversed for a while, the shorts were hammered, and the bulls cheered‼ ️What will the market do next?

The first is the news, many good things‼ ️

1. The Federal Reserve keeps interest rates unchanged;

2. Fed Chairman: Interest rates may be cut sometime this year;

3. The US SEC launched a legal campaign to classify Ethereum as a security;

4. The Ethereum Foundation has received voluntary information requests related to ETF approval and Coinbase and Binance law enforcement.

The other thing is the technical aspect

The 15-minute level of BTC was at 21:00 last night, and the trend was reversed. Many moving averages turned upward, forming a bullish trend. In conjunction with the favorable signal released by the Chairman of the Federal Reserve to cut interest rates at some point this year in the early morning, after the short-term level formed a bottom, BTC continued to rebound this morning and returned to 6.8W.

What to do next: The short-term level has been unable to rise. Pay attention to the possibility of stepping back. The first support level is near 66537, and the second support level is near 64331. #BTC $BTC

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