May 1st BTC Morning Market Analysis

During the Labor Day holiday, the morning light is gentle. I hope everyone can calmly grasp the market rhythm during their rest. Today, we review the BTC market trend together and respond rationally to market fluctuations.

From overnight until this morning, BTC has been sluggish throughout, always pushed below $76,500, trying to rebound but with no strength, appearing completely as a bearish collapse and weak decline. The market shows no signs of decent buying interest, bulls have no resistance, and the more you look, the more it seems the bears are dominating the market, with no signs of warming up.

The market trend is obvious: the short-term upward trend is completely broken, moving averages are firmly pressing down the price, and all bearish signals are at full strength, leaving no room for bulls. In my personal view, the $76,500–$77,000 area is an insurmountable resistance wall, and the support at $75,000 is fragile; breaking below is only a matter of time, and the downward space will only widen.

Jiang Jin still firmly remains bearish, following the trend is the right move!
On Friday morning, my personal view is a rebound: short in the $76,800–$77,000 area in batches, with a stop loss at $77,500, aiming first at $75,200, and if broken, continue to look at $74,500.

The current bearish trend is clear. Do not blindly catch the bottom, strictly control positions, set stop losses carefully, and operate in line with the trend to avoid rebound risks. $BTC