Bitcoin is rising, is it time to go all-in? AI track accumulation and relay become the dominant narrative
At 8:30 last Friday (May 3), the non-farm payrolls released by the United States were far lower than expected, and the unemployment rate in April increased by 0.1%. The bearish data on the US dollar gave the US dollar index a blow, and the big cake rose by 6.47%, leading the currency market.
From the weekly perspective, Bitcoin recovered its lost ground last week, leaving a long lower shadow and closing with a positive line, and the overall trend was relatively strong.
From the daily perspective, the highest point of 64,800 on April 30 was reached in the previous two days, and there was a 1,000-point retracement. Technically, the pressure of the 30-day moving average of 64,800 on the daily line is more obvious, and the double top of 64,800 on the 4-hour line is more obvious. Focus on the pass in the short term. In the short term, break through and stand firm at 64,800-66,800, and there is great hope for real take-off. The focus of the support below is 62,000. If this support is not broken, the overall bulls still occupy a favorable position.
Ethereum: This time the rise is relatively weak, the weekly line closed below the moving average, the 7-day moving average turned downward and broke through the 14-day moving average, forming a dead and downward trend, and the overall trend is embarrassing. However, after several pins, the support chips of the long lower shadow line are concentrated around 3000 points, and the funds for protecting the market are relatively strong. In the short term, 3200 points above are still an important threshold before the rise.
Next, the popularity of GPT5 will continue to rise. The release of the last round of GPT4 has increased the average price of AI track coins by more than 3 times.
This time is still worth looking forward to. WLD, ARKM, etc. have already performed first. I am optimistic about several major tokens WLD AGIX FET OCEAN RNDR. If you are optimistic, just ambush and wait. Don't be afraid to buy when it falls, and chase it desperately when it rises. You can't make money that way.
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