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"May 5 Market Analysis: The Short-Term Path Is Twisted, but the Daily Trend Is Bright"
Yesterday's market was a rollercoaster, plunging then soaring again. The difficulty of short-term trading is at its maximum, although the price moves straight up and down, it hasn't changed the direction of the daily trend. Breakout is just around the corner, and a new round of daily upward movement is within reach.
$BTC $BTC Watch when Bitcoin stays within this range today; once it breaks out, the resistance is at 81,250, with support at 79,450 and 78,700. A pullback to 79,450 might still allow for a rebound.
$SOL $SOL Look at this trend line; when it breaks, target the levels at 85.5 and 86.2, with support at 83.4 and 82.9.
$ETH $ETH Ethereum's support levels are at 2,328 and 2,304. Watch for false breakouts at 2,410 and whether the 4-hour resistance at 2,435 will lead to a pullback.
Short-term straight-up and down trading is not very easy to operate, but Bitcoin's daily trend hasn't changed because of short-term fluctuations. Once the daily bullish streak forms here, the outlook will be bright. Additionally, the 4-hour Vegas channel's golden cross is also on the agenda, so the short-term path is twisted, but the daily trend remains bright.