Today is May Day and Labor Day, and even the market makers are not taking a day off. They’re cutting greens with labor, and they’ve pushed the market up— a pump.

From 2017 to 2026, during the May Day holidays, 17, 18, 19, 20, and 24 all went up, with gains of more than 5%. 21, 22, 23, and 25 fell, with an average decline of around 5%. In 26, during the May Day holiday, it started with a rally right from the beginning. Previously, May Day holidays were all about explosive rallies and explosive dumps—could it be that this time they’re first pumping before they dump?

It’s worth noting that if the price here breaks 778, and as long as it’s not a false breakout, once a downtrend-reversal signal appears, if it breaks through and holds above 782, the market will most likely reverse and then surge toward 794. Because during the May Day holiday, trading is paused and there’s no serious inflow of funds. The pump is probably being orchestrated by the exchange or some small “guo zhuang.” So when analyzing, you should lean toward caution.

Personally, I still hold the same view: the 810-850 range can’t hold. I don’t think a bull market has arrived. Every rebound is just setting up people, preparing for the next big drop—unless BTC keeps ranging in the 60,000 to 80,000 zone and oscillates all the way until the Federal Reserve cuts interest rates. If that happens, then you could say the bull market is about to start.

‍$BTC