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May 4 BTC Strategy
The overall market structure has completed a bottoming reversal, followed by a series of rapid upward moves, and after reaching a high, it entered a high-level consolidation under pressure. It has indeed refreshed a high in nearly two months, with bullish momentum continuously warming up and gaining strength, currently in a high-level oscillation digesting the trend.
The core strong resistance above is locked at the 80,000 integer level.
Once it effectively stabilizes and holds steady, the bullish market upward rhythm will fully continue.
The first target for the subsequent rally is initially around 82,000.
In high-level trading, avoid blindly chasing the rise; be sure to guard against technical pullbacks from sharp increases.
The key support below also relies on the 80,000 integer level.
Once support is effectively broken, follow the trend to grasp the profit from the pullback.
Further downside targets are around 79,000.