#Bitcoin


Today’s May 1 Market Breakdown and Thinking
Intraday resistance: around 76,600
Intraday support: around 75,700

After the prior downward momentum was released, the price returned to around the Bollinger middle band, and the sell-off pace slowed down. However, selling pressure above still remains. In the short term, the oscillation center is slightly higher; the price holds above the Bollinger middle band, but the rebound is constrained by the upper band. Trading volume has not noticeably increased, and upward momentum is insufficient. In the short term, the primary approach is to look for selling on rebounds.
BTC: short at 76,600-76,900.
BTC1.59%
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