5/2 BTC Market Analysis


Bitcoin's monthly chart looks very strong, and the bulls are not weakening for now. The bears have been persistently trying to cut the boat, but it's too crowded. As long as Bitcoin does not break below the support and rebounds, it will continue upward. The area around 83,000 is a good entry point for short positions.
There is still heavy selling pressure at 79,000 above. Recently, it will continue to fluctuate and wait for a breakout to the upside. The overall outlook remains bullish.
BTC0.27%
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