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May 1st Bitcoin Analysis
Currently in the upper part of the range, this fluctuation is mainly a correction in a bearish release pattern, with no clear trending market. It is still necessary to wait for a key support breakthrough to follow the trend.
Focus on the resistance at 77,000-77,500.
If a rejection signal appears, consider short positions to capture the pullback profit.
Focus on the support at 76,000-75,500.
If support holds, consider long positions to capture the rebound profit.
During the consolidation phase, adhere to the principle of taking profits when the market looks good. A 300-500 point move is enough to exit, accumulating small gains into larger ones.