May 1st Xiaoyue Morning BTC Analysis



From the one-hour chart, BTC encountered resistance around 76,600. Several attempts to push higher failed to break through. The upward momentum is clearly insufficient, and the overall rebound strength is relatively weak. The sell pressure above has not been fully absorbed. After the price rose from the low of 74,900, it has continued to trade in a high-range consolidation. There has been no new breakout for a long time—instead, it has started to weaken under pressure. This suggests that the bulls’ ability to absorb has fallen behind, while the bears’ strength is gradually gaining the upper hand. Overall, the market is in a condition of weak rebound and could pull back at any time.

Trading advice:
Build positions for a short in batches within the 76,900-77,400 range. The target is the 74,900-75,400 range.
#比特币
BTC2.49%
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