Rate cuts 🟰 bullish surge, this is the consensus expectation. In the past few days, $Btc has been fluctuating around two thousand points, with a clear short-term bullish trend. However, with this kind of grinding rise, it won't reach one hundred thousand, as there is heavy resistance above. Only when we see a large hourly candlestick breaking through 95,600 with volume can it break through one hundred thousand. On the market, Japan pausing rate hikes is considered a positive, but now that we've reached the resistance level, it's not suitable to open long positions here. Pay attention to the short-term resistance levels of 95,600 for Bitcoin, 1,830 for Ethereum, and 153 for Solana. On Friday, there are non-farm payrolls and unemployment rates, and it's expected that the Fed's decision on May 8th will determine the market direction.
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