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- #Will BTC Hit a New High?#
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#Crypto Market Rebounds#
The crypto market is rallying across the board — altcoins are gaining momentum, and Memecoins are heating up! 🔥MOODENG is up over 100%, while PNUT and VIRTUAL have each gained more than 45%. The total crypto market cap has now exceeded $3.22 trillion!
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Grasp the trends in the crypto world and master the entry points for trading.
Hello everyone, I am Kangxi from the crypto world.
Follow me: I will share practical insights from the crypto world, delve into market trends, and achieve wealth growth.
Wednesday, May 7, 2025
Daily trading strategies for Bitcoin and Ethereum:
Pay attention to the resistance levels of 96500 points and 95800 points above for Bitcoin intraday. If it can effectively break through the bullish-bearish reversal level of 96500 points and maintain above 96500 points, a new upward trend will begin. The upper resistance levels to watch are 97100 points and 97900 points. If it breaks above, look for 98800 points, 99500 points, and 100000 points. As long as it effectively stays below 95800 points, continue to be bearish.
If it continues to operate below the resistance level of 95800 points during the day, "or after a false breakout upwards, falls back below 95800 points," it will continue to show a downward trend. First, pay attention to the support levels around 95000 points and 94450 points. "If it can effectively maintain above 94450 points, it will continue to rebound upwards to challenge the resistance levels around 95800 points and 96500 points," and then focus on the support levels around 93500 points, 92800 points, and 91600 points.
"Daily Trading Recommendations for Bitcoin: Continue to short near the resistance levels of 96500 points and below 95800 points, with a stop loss above 96500 points. Buy near the support levels of 95000 points and above 94450 points, with a stop loss below 94400 points."
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Pay attention to the upper resistance levels of 1810 points, 1830 points, and 1850 points during the day. If the price can effectively break through the bullish-bearish reversal level of 1850 points and maintain above it, a new upward trend will emerge. The upper resistance levels to watch are around 1930 points and 1960 points, followed by 2070 points and 2100 points.
If it continues to operate below the resistance level of 1830 points during the day, "or after a false breakout upwards, falls back down to below 1830 points", it will trend downwards. Pay attention to the support levels around 1810 points and 1800 points below. If it breaks down, look at around 1775 points, 1750 points, and 1700 points.
"Ethereum Daily Trading Suggestions: Short near the resistance levels of 1850 points and below 1830 points, with a stop-loss above 1850 points. Long near 1775 points and above 1750 points, with a stop-loss below 1750 points."