Good morning everyone~

During the May Day holiday, the overall market trend was quite good, and based on the latest market price action, it can still continue to rise. The key resistance to watch this week is around 85,000. Personally, I believe the upward trend structure is still intact, and the recent surge in volume has not yet ended, making it relatively easy to reach. Therefore, the short-term market direction is bullish, and I suggest buying on dips recently.

From the weekly chart perspective, it’s clear that the market has already broken out of a major downtrend, and the weekly W-shaped pattern signals a definite upward trend. Looking at a longer cycle, the target is around 87,000, as there is strong resistance near that level. Additionally, the monthly chart shows the formation of a large V-shape pattern, but whether it qualifies as a standard V depends on subsequent developments in US-Iran relations, Federal Reserve policies, and other relevant news.

Overall, the market is gradually warming up, while most mainstream altcoins are still catching up. The overall performance has not yet broken out of the current market state. For those who have not yet bought spot and are currently in cash, it’s advisable to buy gradually on dips to build positions. I mentioned this at the end of last month. For those who have already bought, it’s better to wait and observe.

I personally believe that recent upward momentum has also been supported by continuous buying from crypto ETF institutions. Therefore, it’s important to keep an eye on subsequent institutional activities. Yesterday, the net capital inflow from institutions was about $247 million, and trading volume was decent, indicating that institutions are actively buying in the short term, supporting a bullish outlook.

Today, BTC’s overall fluctuation range is 80,000-83,500, ETH’s is 2,330-2,450, and SOL’s is 85-89.

Today’s contract strategy:
BTC: Buy on dips around 80,500, take profit at 83,000

ETH: Buy on dips around 2,350, take profit at 2,420

SOL: Buy on dips around 86, take profit at 89

Warm tips:
1. Stop-loss suggestions should be set based on your actual liquidation price and your risk tolerance.
2. Don’t be greedy; lock in profits when possible. It’s better to take small losses than to hold against the trend. If the direction is correct, continue holding.
$SOL ‌$ETH ‌$BTC ‌