May 2nd Morning Bitcoin Analysis

Bitcoin surged near 78,900 then faced resistance and quickly fell back, showing clear signs of resistance at high levels. Although the rebound from 74,900 was quite strong, it showed obvious exhaustion after reaching high levels, with the bullish momentum rapidly fading and selling pressure beginning to release. From the trend perspective, the support at high levels is clearly insufficient, and the price's sharp pullback indicates that the resistance above is very heavy. It is very difficult for the bulls to break through further, and in the short term, the bearish forces have already begun to dominate, showing signs of weakening and retreating overall.

Trading suggestions:
Gradually build positions in the 78,600-79,100 range, targeting the 76,600-77,100 range.