$BTC

During the May Day holiday, the overall market liquidity was relatively weak, and Bitcoin's price fluctuations narrowed overall. This morning, the price briefly pierced the 79,100 level with a quick spike, but lacked follow-through to push higher, quickly falling back to the 78,000 range and consolidating sideways. In early trading, real trading led students to set up short-term positions in Bitcoin and Ethereum, all of which took profits and closed positions. The current market still maintains a bullish volume-expanding pattern; short-term pullbacks are just consolidating support for future upward movement. The previous clear trend logic has been: the market stabilizing above 80,000 is the general trend. Although it has been repeatedly tested and failed to break through, the medium-term direction remains unchanged; just stay calm and patiently wait for a breakout.

From the overall structure, the 4-hour timeframe has entered a high-level consolidation zone, with the upward pace slowing down periodically. While a strong breakout has not yet occurred, the overall pattern is still in a buildup phase. Currently, the price has risen to touch the upper band, forming a double-needle top pattern, indicating a short-term need for a pullback and correction. The main trend still maintains a bullish pattern; switching to the hourly level, the pullback target is directly at the key support level from the previous rally. As long as the support below remains effective and the bearish selling pressure is contained, a new round of rebound and upward movement will inevitably begin.

Early Monday morning, Bitcoin: go long near 78,000, target 80,000

Early Monday morning, Ethereum: go long near 2,300, target 2,400