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Market analysis of BTC/ETH on May 7, 2025, at 10:15 AM
That night 2.2 billion CNY was plundered, and 127,422 people went bankrupt to zero! The market was weak on Monday and Tuesday, and many were particularly chasing shorts! Last night, a wave took everything away; it’s easy to get liquidated when there’s no clear trend!
BTC Attention
Support 93911/92255/91700
No pressure
The key level of 97250 is crucial today, keep an eye on it. If we see a strong breakout followed by a volume-consolidation pullback for confirmation, then we cannot go short. If such a trend occurs, consider stopping out last night's short position! Last night's long position has some remaining base, and this base has already gained 3000 dollars in space, so it is essential to keep some base!
ETH attention
Support 1750/1700
The pressure is temporarily set at 1875
The key point at this moment is consistent with BTC, around the 1835 line, similar to BTC's 97250 line, with the same reasoning!
Operationally: engage in ultra-short-term speculation, continue to maintain a bottom position for speculation, do not use all positions in the layout, and do not exit the space without taking a profit loss; otherwise, a reversal could lead to significant losses!
Big Event: ① This morning, the People's Bank of China lowered the reserve requirement ratio by 0.5 percentage points, expected to release long-term liquidity of 1 trillion. Today's A-shares are bound to surge! This will drive up Asian market sentiment, and this morning's rise is likely due to the China-US game and the market's optimistic expectations for policy intervention!
② The Federal Reserve's interest rate decision will be announced at 2:00 AM tonight, which is a highly anticipated event. China has already made its move; it remains to be seen if the US will respond. Even if the Federal Reserve does not cut interest rates, it cannot continue to make hawkish statements!
In short, this wave of tussle between the clam and the snipe seems to suggest that the market can somewhat compel the central bank to take action. Therefore, the market fundamentals in the second half of this year and next year won't deteriorate further. Don't worry too much about the future. Every major economic cycle is an excellent opportunity for wealth transfer and the emergence of new millionaires. Are you ready?
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