The May Day holiday market is more about recovery; you'll have to wait until after the 5th for a big fluctuation.

View Original
TimeProphecyMachine
$BTC Price action recovery—throughout the entire night, it didn’t fall below the key support level.

On the first day of May, I personally think the market will undergo a recovery. The highest it could reach is around 77.5k. After running into resistance, it will pull back downward. If you want to buy long at this point, you can try it. If you don’t want to buy long, you can wait and look to short around 77.5k.

In the short-term market battle, from 5.1 to 5.3 the market will move in a recovery mode. Only starting from 5.4 to 5.5 will a big trading opportunity show up. As long as it doesn’t break above 79k, the overall market still remains in a downtrend.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin