$BTC 📊 May 2nd BTC Latest Strategy Analysis

BTC:
After rebounding from near 76261, the current 15-minute price is trading above the middle band of the Bollinger Bands. The Bollinger Bands have shifted from widening to narrowing. The price is supported by the middle band and oscillates upward, with the middle band at 78135.4 and the upper band at 78421.2 forming a step-like support and resistance; MACD indicators DIF=-11.3, DEA=-11.2, MACD=-0.3, with green bars continuously shortening, indicating weakening bearish momentum. Volume has mildly increased after the pullback, with buying pressure dominating the short-term sideways to upward trend.
📈 Bullish Logic:
The strong support zone intraday is between 78000-78100. When the price retraces to this area, it is supported by the middle band of the Bollinger Bands and the previous oscillation platform, making a rebound unlikely to change the sideways upward trend. If the price cannot effectively break below 78000, the middle band of the Bollinger Bands, the subsequent trend is likely to continue upward. The first target is 78400, and after breaking through, it can explore the 78500-78800 range. In extreme cases, it may test the previous high at 79000.
⚠️ Risk Warning:
If the price re-falls below the lower band support at 77800 and MACD shows divergence while volume continues to shrink, the bullish trend may quickly reverse. Caution is needed as the market could fall back to the 77500-77300 range. Strict stop-loss measures should be set to avoid trend reversal risks.
🎯 Main Strategy: Slightly Bullish
• Long entry zone: 77800-78000
• First target: 78500
• Second target: 79000
• Stop-loss: 77500