May 4th One Fan Morning Analysis

The short-term MA7 and medium-to-long-term MA30 maintain a bullish alignment, with the short-term moving average steadily staying above the long-term moving average, and upward momentum continues to be released.
The price retracing to the moving average zone is an excellent low-entry point, and the strong support from the moving averages solidifies the bottom line for the market to move higher.
Overall, the market is in a strong bullish dominant phase, with slight fluctuations after a short-term surge, merely a profit-taking adjustment.
As long as the market holds the MA7 moving average and the middle band of the Bollinger Bands as dual support, the upward trend will not be broken, and there is still potential and room for further gains.
Although the target is upward, caution against a pullback risk is necessary.
Personally, I suggest that it is not suitable to chase longs at the moment.
First, consider around 79,200-79,900, with a target of 78,000-77,200, and after breaking 80,000, add around 81,400. #BTC #ETH #BTC走势分析