#Gate广场五月交易分享 5.3 Bitcoin Weekly Market Analysis | Perfect Finish to April Monthly Candle, Overall Still Mainly Long Positions

Bitcoin opened April’s monthly candle at $66,700, closing the month at $76,423.0, a total increase of 14.58%. April was overall a strong rebound month, with a large bullish candle on the monthly chart, thoroughly stabilizing the medium-term support, indicating that the overall market trend has shifted from previous weak oscillation to a bottom-up rise, with a generally bullish structure. The major cycle trend will not easily reverse, and the overall future trading will mainly focus on low buying. Whether it’s short-term oscillation and shakeout, sharp rebounds and pullbacks, or repeated pinning.

Today’s market, being a Sunday, is very calm overall: Currently, Bitcoin’s price is fluctuating around 78,200. Those familiar with the market know that Sundays typically have extremely low liquidity, with institutions closed, funds stagnant, and trading volume shrinking. It’s difficult to see trend-driven movements throughout the day, mostly narrow-range oscillations and corrections, with little room for operation.

From the volume perspective: The price repeatedly oscillates upward, but trading volume has not shown a significant increase, indicating that the bulls are currently “steadily rising,” not violently surging. The upward momentum is temporarily limited, and a unilateral sharp rise is unlikely in the short term. Therefore, the current major market remains in a high-level box range, with no breakout or unilateral trend.

BTC overall range: 74,000 — 79,000, with the upper boundary at 79,000 representing strong resistance, repeatedly pushing higher but facing pressure and pulling back; the lower boundary at 74,000 represents strong support, and a pullback without breaking is a low-buy opportunity. As long as the price does not effectively break through the upper or lower boundaries of the box, treat it strictly as range oscillation, mainly focusing on low buying.