"May 4 Market Analysis: Successfully Predicted the Reversal, Where Is Bitcoin's High?"

The analysis before Labor Day basically came true; the trend reversed after May 3, heading upward. Both the posts and live streams repeatedly reminded and analyzed this, and last night I also reminded the community to go long at 78,500, to get in first and then buy tickets later. Since the market is consistent with our projection, let’s see how high this wave can push us to take profits!

‍$BTC First, Bitcoin's resistance is around 81,200. Once the hourly chart closes above this level and stabilizes, we need to look at the larger daily resistance at 83,300. As long as Bitcoin's daily chart shows two more days of consecutive gains, I believe the 8.3 target is not far off. Support below is at 79,200; during the day, pay attention that as long as there is no solid break below this, there is still potential to go higher. Further support is at 78,500.

‍$SOL The support below Solana is between 84.7 and 84.4, with resistance at 86 and 87.3. The trend line on Solana's 4-hour chart has not yet been broken, so the risk-reward ratio for long positions should be less favorable compared to Ethereum.

‍$ETH Ethereum's support is at 2,340. During the day, as long as there is no solid break below this, it can continue upward. Resistance is at 2,430 and 2,495. It’s important to note that Ethereum has already broken through the downward trend line on the 4-hour chart, so watch for the possibility of a catch-up rally.

In summary, the market trend we analyzed before Labor Day has basically materialized. Since we are holding long positions, our main goal now is to observe whether key supports are broken. If broken, consider taking profits; if not, continue holding until reaching resistance levels to take profits. This is the proper mindset and approach for trend trading. #WCTC交易王PK