"May 1 Market Analysis: How to Determine the Authenticity of the Three-Day Top, Where Will the May Day Market Go?"
Section chief first states the conclusion: before the bull/bear dividing line at 76,400 for Bitcoin drops, the market may continue upward from a daily chart perspective. The real resistance is at 78,250. If the hourly chart here continues to hold steady, the May Day market will undoubtedly see a breakout.
$BTC First, observe whether the position between 77,500 and 77,200 on the hourly chart closes at this level today. If it successfully holds steady, it may challenge the resistance at 78,250. The reaction at 78,250 will determine whether the market can continue upward during May Day.
$SOL Currently, the trend line for Solana has been broken, so it depends on whether the 85 level will exert resistance again. A successful breakout will lead to the 86 resistance. If 86 holds steady again, the market will fully turn bullish, and the idea of trying to short should be abandoned.
$ETH Ethereum's support and resistance at 2,270 have successfully switched places. Currently, resistance is between 2,318 and 2,328. If the pressure at 2,365 holds steady, short-term attempts to short are not considered. Instead, there is an opportunity to go long. Focus on these key resistance levels.
In summary, regarding whether the market will go up or continue rising during May Day, the section chief leans toward an upward trend. However, key resistance levels like Bitcoin's 78,250 must be successfully surpassed. If the price can go above and hold without quickly retracing near 78,250, the trend will be very strong, and there is hope for a breakout during the May Day holiday. Last night, we held a live session and took a long position above 76,400, which we continue to hold!
#WCTC交易王PK
Section chief first states the conclusion: before the bull/bear dividing line at 76,400 for Bitcoin drops, the market may continue upward from a daily chart perspective. The real resistance is at 78,250. If the hourly chart here continues to hold steady, the May Day market will undoubtedly see a breakout.
$BTC First, observe whether the position between 77,500 and 77,200 on the hourly chart closes at this level today. If it successfully holds steady, it may challenge the resistance at 78,250. The reaction at 78,250 will determine whether the market can continue upward during May Day.
$SOL Currently, the trend line for Solana has been broken, so it depends on whether the 85 level will exert resistance again. A successful breakout will lead to the 86 resistance. If 86 holds steady again, the market will fully turn bullish, and the idea of trying to short should be abandoned.
$ETH Ethereum's support and resistance at 2,270 have successfully switched places. Currently, resistance is between 2,318 and 2,328. If the pressure at 2,365 holds steady, short-term attempts to short are not considered. Instead, there is an opportunity to go long. Focus on these key resistance levels.
In summary, regarding whether the market will go up or continue rising during May Day, the section chief leans toward an upward trend. However, key resistance levels like Bitcoin's 78,250 must be successfully surpassed. If the price can go above and hold without quickly retracing near 78,250, the trend will be very strong, and there is hope for a breakout during the May Day holiday. Last night, we held a live session and took a long position above 76,400, which we continue to hold!
#WCTC交易王PK
