BTC May 2 Short-term Trend Analysis | Breakdown of Bull and Bear Momentum Near 78312

Current Price: 78,312

1. 4-Hour Chart Structure Analysis

Overall still in an upward trend with high-level consolidation.

Features:

Price is still operating within a bullish trend structure Near the previous resistance zone of 79,000–80,000 The upward momentum has noticeably slowed compared to earlier

Conclusion: The main trend remains bullish, but it is high-level consolidation rather than a strong one-sided rally

2. 1-Hour Chart Structure Analysis

Short-term cycle entering consolidation phase:

Features:

A small retracement occurs after a spike Support below has not been effectively broken (77,500–77,800) Trading volume decreases, indicating consolidation rather than accelerated weakening

Conclusion: Short-term is a correction and consolidation structure; the trend has not been broken

3. Today’s Market Outlook

The current market is likely to follow two paths:

Continue upward after consolidation Hold above 77,500–77,800, then test 79,000 again and push toward 80,000 Pull back to shake out weak hands before rallying again First test support downward, clear out short-term longs, then attempt a second push 4. Trading Strategy (Market Orders Executed Immediately)

Direction: Long

Entry Price: 78,312

Take Profit Settings:

First Take Profit: 79,090 (approximately +1%) Second Take Profit: 79,800 (approximately +2%)

Stop Loss Settings:

77,140 (approximately -1.5%)