On May 4th, Bitcoin closed the week with a candlestick that pulled the previous downtrend up, forming a doji star. We have repeatedly warned that Bitcoin broke through the trendline and moving average in a bullish direction. Next, let's see how this gap will be filled. If it can retrace, that would be best. Everyone should start considering appropriately positioning on the daily chart level, waiting for the next wave structure to form. If it doesn't retrace, then support is at 78,900, with an upward view toward a daily chart pattern around 90,000.

The only contradiction everyone needs to pay attention to is that the US stock market is really quite high, and recently there has been no sign of a small retracement. If a retracement occurs, can Bitcoin follow? We judged this position a long time ago. Many, many people should already know this. Will this manipulation follow our wishes?

Actually, it hasn't risen much; just this small movement, yet it has been very indecisive. Many long positions were opened in the middle, and most were wiped out, or the price just stubbornly refused to reach 74,000.

Summary: From a technical perspective, the bullish outlook is fine. Pay attention to whether the US stock market will influence it. The best entry point is during the retracement of the next wave pattern. Right now, it's climbing, so you're chasing; during a retracement, it's an adjustment. If you understand, then understand; if not, what I’m saying is just nonsense. Of course, short-term trading in both directions is fine.

For those returning after the May Day holiday, drive safely. $BTC ‌#Gate广场五月交易分享