5.1 Morning Thoughts


  A new month quietly begins, good morning! Life is like a flat surface, with ups and downs being normal. No need to dwell on missed opportunities, no need to panic over pullbacks. Markets go through cycles, worldly affairs have their ups and downs, learn to wait, understand how to settle, time never betrays those who are steady. Overnight, the overall space for Bitcoin and the market sentiment is not large; the retracement idea we discussed yesterday still has some room. Although not substantial, small gains accumulate, and there's no need to expect to become rich overnight.

  From a short-term perspective, the flat surface still maintains a oscillating adjustment trend, the rally couldn't continue to break through, and today’s market continues to mainly rebound and correct. In the short term, it’s still a range-bound tug-of-war, neither side has effectively broken through, and the overall structure has not formed a reversal. The weekly chart, after four consecutive bullish days opened up upward space, is now entering its first phase of correction with a decline. From the current trend, the space and time for correction are already sufficient, and the oscillating structure is quite clear. This kind of candlestick pattern makes it difficult to predict the timing of a trend reversal; for now, it should be regarded as a phase of rest. The weekly chart is still adjusting near the middle band; even if there is a pullback, the continuation of space remains uncertain. The small cycle is currently at the bottom of the adjustment range, and on Friday, the short-term remains cautious about bullish ideas, expecting oscillation and accumulation for an upward move.

  Rough trading suggestions
  Bitcoin around 75,800—75,300, target 77,500
  Market sentiment around 2,240—2,220, target 2,310—2,330
ETH1.7%
BTC1.88%
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