2023.06.07

CoinRank’s Insights: BTCUSD (Jun 7, 2023)

In the last analysis of the review (May, 24), Bitcoin maintained the market trend according to the descending channel, held parallel support and stepped back and then pulled up. Use the four-hour chart to judge. At present, it is about to touch the empty to the upper edge, the resistance level is 27861.06, and the support level is 24120.96.

2023.05.30

CoinRank’s Insights: Nvidia: Financial Resilience, Stock Surge, & Generative AI Power

Despite a decline in Q1 revenue, NVIDIA (NVDA) demonstrated resilience and strong financial performance by surpassing analysts' expectations. Their adjusted earnings per share exceeded estimates, indicating their ability to navigate a challenging market. The remarkable surge in NVDA's stock during after-hours trading reflects positive investor sentiment towards the company's financial results and growth potential. The strong second-quarter projections, driven by increasing demand for NVDA's data center platform and generative AI capabilities, further enhance their position as a leader in the AI-powered technology sector. Overall, NVDA's attractive financial performance, positive market response, and focus on innovation solidify its position as an industry frontrunner.

2023.05.24

CoinRank’s Insights: BTCUSD (May 24, 2023)

Bitcoin's performance this week is not significantly different from the previous week, as it continues to consolidate around the 27,000 level. It is important to monitor whether there is an increasing tendency in trading volume, using the four-hour chart to determine. Currently, it exhibits a downward channel trend, with resistance at 28,349 and support at 25,887.

2023.05.17

CoinRank’s Insights: BTCUSD (May 17, 2023)

Bitcoin is currently in a period of consolidation with an unclear direction, fluctuating around the 27,000 level. In the four-hour chart, the resistance is at 28,413, while the support is at 25,369.