Track real-time hot topics in the crypto world and seize the best trading opportunities. Today is Tuesday, May 6, 2025. I am Wang Yibo! Good morning, crypto friends ☀ hardcore fan daily attendance 👍 Like and make a fortune 🍗🍗🌹🌹

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Important news: The Ethereum Pectra upgrade will take place on May 7 at 3:05 AM Pacific Time (18:05 Beijing time on the same day). New staking requests will resume processing after 18:45, and existing staking positions will not be affected. This upgrade has attracted significant attention and may have a series of impacts on Ethereum's performance, security, and ecosystem. Everyone should closely monitor the subsequent developments, as it could trigger market fluctuations. Both investors and developers should be prepared in advance to cope with potential new changes.
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U.S. stocks closed on Monday, showing a downward trend. The Dow initially closed down 0.2%, the S&P 500 down 0.6%, and the Nasdaq down 0.7%. Big tech stocks underperformed, with Tesla (TSLA. O) fell 2.4% and Apple (AAPL. O) fell 3.1% to Berkshire Hathaway (BRK. A.N、BRK. B.N) fell 5%. From the CME "Fed Watch" data: the probability that the Fed will keep interest rates unchanged in May is 97.3%, and the probability of a 25 basis point rate cut is 2.7%. By June, there is a 69.8% probability of keeping rates unchanged, a 29.4% probability of a cumulative 25 basis point rate cut, and a 0.8% probability of a cumulative 50 basis point rate cut. Such an interest rate expectation may mean a relative stability of capital for the currency circle, but macroeconomic uncertainty will still have a potential impact on the cryptocurrency market, after all, there is a certain correlation between US stocks and the currency circle in terms of capital flow.
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Bitcoin has had its ups and downs, rising violently yesterday evening after three consecutive days of declines, climbing all the way to $95,000, the daily level turned positive, and the bulls temporarily recovered short-term losses. The current market situation shows that the bulls have a slight advantage. The current price is hovering around 95,000 and has reached the high of a four-hour descending channel. Judging from the 4-hour chart, the price of the currency temporarily remains near the middle track, and it is also the support level of the rising trend line, as long as the trend line is not broken, the pattern of the temporary 4-hour structure will not change. However, whether it can break through the 95500-96500 highs is the key to whether Bitcoin's subsequent upside can continue. From the perspective of the structure of the large cycle, the current disk price has risen steadily, and each rise will be accompanied by a small technical adjustment, and the pullback is to accumulate strength for the rise, and the rebound momentum gradually exceeds the strength of the fall, showing that the market as a whole is stronger. In this environment, the smaller the retracement, the greater the subsequent upside space and possibility, which provides investors with a better entry reference, and can actively deploy long orders during the pullback.
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The market of Ether is also quite critical, with a low of 1793 and a rebound after hitting a high, and a high of 1832. In the short term, it is difficult to form a sustained upward offensive with too many bulls, and it is expected that it will take a period of consolidation to build momentum before a new bullish force may be released. From the analysis of the four-hour candlestick chart, despite the performance of the bulls in the early morning, they have not fully recovered the previous losses. With the gradual weakening of bearish momentum, the downward pressure on prices has been significantly eased, and the entry of long funds has also curbed the downward trend of prices along the lower Bollinger Bands to a certain extent, but the current price is still suppressed by the middle of the Bollinger Bands, and how to break through the middle track has become the key to further upward movement of the bulls. In view of the current market situation, after entering the Asian trading session, it is expected that the Ether market will be dominated by shocks rather than continuous unilateral rises, and investors need to flexibly adjust their trading strategies according to market changes.