A new week, a fresh start! The May Day holiday is coming to an end.

Looking back at the market from the early hours through the morning, Bitcoin has been holding firm around the 78,000 level, showing strong stabilization. After establishing support, it began a stronger uptrend. Then it followed with a rapid surge, with the bulls’ pace continuing to hold the advantage throughout. Along the way, there were only brief pullbacks to digest unrealized gains, but it never probed down to break through the key moving-average support below. Overall, the market has maintained a constructive structure of upward consolidation. After the morning rally pushed into the high zone, upward momentum gradually slowed and the market entered a pullback-and-repair phase. However, the pullback strength has been weak, and the drop toward the 78,500 short-term support has not been able to break it effectively. Currently, the market is broadly in a high-level sideways range consolidation.

Ethereum’s price action is highly correlated with Bitcoin. After holding the 2,300 level, it has steadily edged higher, with the entire board continuing to oscillate upward. In the morning, it spiked to around 2,356, met resistance, and pulled back. It then followed the broader market to undergo a technical correction, with very limited downside room. At present, it mainly continues to range around the 2,320 area. The long-biased view we held in the early hours has been precisely realized—our short-term setups for both Bitcoin and Ethereum have all been executed. We won’t list them one by one here.

From the overall market structure, the uptrend channel pattern remains intact. Each round of pullback has relatively limited magnitude, and the pullbacks have never failed to hold the key central pivot support of the uptrend structure. The market’s prior highs keep rising and breaking through level by level. In the short term, the primary overhead pressure zone is concentrated near 79,500. This level is not a strong resistance ceiling. If it breaks effectively later, that would be an expected move within the structure—only the timing differs. The hourly Bollinger Bands have completed a bottoming-and-repair process; the three bands are gradually converging and flattening, indicating that the market has entered a short-term range-bound consolidation mode. At present, bullish volume is still sufficient, and the day-trading approach is consistent: mainly buy the dips on pullbacks.

Monday morning layout reference:
Bitcoin: Light long positions near 78,000, reserve for additional entries, target 80,000

Ethereum: Light long positions near 2,310, reserve for additional entries, target 2400

$BTC #美国寻求战略比特币储备