Analysis for the evening of May 1st

Happy Labor Day to everyone! May everyone achieve financial freedom without hard work.
During the May Day holiday, the A-shares market was closed for 5 days, and funds flowed into the crypto market, driving a rebound.
The reason Bitcoin isn't falling further is mainly due to the strong US stock market providing support, combined with market shorts clustering and a continuous 50-day negative funding rate.
It’s important to know that the market’s main players will never let the majority profit; profits always flow to a few.
The 4-hour chart failed to effectively break through 77,900, showing signs of exhaustion among bulls.
If the US stock market pulls back later, combined with liquidity diversion caused by the World Cup in June, the market could experience a rapid decline.
In the short term, around 77.5k to 78.3k is an excellent shorting zone.
Once leverage is liquidated and the trend shifts from short to long, the decline will trigger instantly, leaving no chance for a rebound to cover positions. #BTC #ETH #BTC走势分析 #WCTC交易王PK