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May 2 Market Analysis
Bitcoin has been working hard to break through the 80,000 level, and this is already the third time this year! Even with unfavorable market news, the bulls can still climb up steadily, which shows the market is not sluggish.
Bitcoin: Currently at 78,165, +2.19% over 24h, intraday range 76,000–78,900
Features: A rebound from low levels, slightly stronger price action, back above the 78,000 level, and moderately increasing volume
Core Market Analysis
Short-term trend (1H/4H) 4H: 76,000 is strong support and remains effective; after stabilizing, it moves upward in a range-bound manner, and it has reclaimed EMA50, suggesting a bullish bias
1H: 78,000 is the line separating bulls and bears; resistance above is 79,000–80,000, and support below is 77,000 and 76,000
Indicators: RSI has rebounded from low levels, with no overbought condition, and rebound momentum is still there
$BTC #WCTC交易王PK #比特币ETF期权持仓限额增4倍