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$BTC Bitcoin's May Day rally is truly promising, with daily candles continuously closing higher and steadily climbing, the price has already touched the key resistance level, and short-term bullish sentiment has been activated.
The 4-hour chart shows even stronger consecutive bullish candles pushing upward, stabilizing above all moving averages, and a short-term bullish pattern has already taken shape.
However, the more the market is bullish and red-hot, the more we must avoid blindly following the trend. The 80k mark is a solid resistance level, with heavy selling pressure accumulating above. If the price cannot break through with high volume and strength, the risk of forming a double top on the daily chart and facing downward pressure will gradually increase.
Right now, the market is essentially testing patience and the strength of the bulls: once volume breaks through resistance, the overall market sentiment will be fully ignited, and the trend will move up another step; if the price faces resistance and stalls, a retracement and shakeout are inevitable.
Trading should never be swayed by a few bullish candles; during times of frenzy, it’s even more important to stay calm. Good entry opportunities are always hidden amid doubts and hesitation.
Ethereum should follow Bitcoin’s lead and move in sync; just refer to the rhythm and pace accordingly.