After entering the May Day holiday, the market has accelerated its rise, with BTC directly breaking through the 80,000 mark, which is an important signal!


Although recently many old mainstream assets have not kept pace with BTC's gains, about 10 days ago, BTC's trend showed signs of decoupling from gold, especially as the probability of the structural bill gradually passing increases, helping the USDC parent company CRCL to recover lost ground.
From initially negative to gradually turning positive, pushing back the $120 level, BTC hit a new rebound high since its decline in January.
There was no broad rally or a single surge, but rather a bumpy rise over more than a month, sequentially breaking through the market, showing a very solid trend.
Although each false break to trap shorts occurred along the way, the rebound continued to set new highs since the rebound began; BTC has completely established its own independent rhythm!
Ignoring the short-term wild fluctuations of gold, this is the healthiest market, indicating that the market will gradually rotate sectors, forming continuous explosive points, which is an excellent relay for the continuation of the trend!
Starting this week, the market has resumed explosive growth, with some altcoins doubling in a single day or gaining dozens of points, and even some altcoins that surged half a month ago are now launching a second charge.
The current market has unknowingly entered a main rebound theme across the board.
It can't be said that a bull market has arrived, but only that the bulls have survived the most difficult and darkest half-year period!
In the medium to short term, bears should start to be cautious, and bulls at low levels can hold on without setting take-profit orders!
Looking back now, in late February, March, and early April, Shao Ge repeatedly called for entering spot positions and holding low-position contracts tightly, and the value of holding is still increasing!
BTC
Support: 78,425 / 75,475
Resistance: tentatively 85,168 / 87,548
The best move for BTC now is a violent surge to the 85,168-87,548 range, which can both complete a perfect short squeeze and open new space, changing the current unstable market sentiment of ups and downs.
If bulls want to dominate the market trend, this should become evident soon; if bulls are not confident enough, and bears want to take control, they must push the price firmly into the 78,425-80,000 range!
BTC trading opportunities are quite challenging; refer to the lighthouse for guidance!
ETH
Support: 2,310 / 2,225
Resistance: tentatively 2,525 / 2,749
Follow BTC's trend and ride along; when the wind shifts, the subsequent catch-up will be very strong!
XAU (Gold)
Continue holding the long positions from last night, control your positions to avoid liquidation, and if the price breaks below 4,500 with increased volume, reduce your holdings accordingly.
If there are other trading plans, you should execute them; currently, it’s wise to add some nose operations, trying to control the market as much as possible.
The only thing to do is manage your positions well!
Trading advice does not constitute any investment basis: in this retracement, look for opportunities to go long; shorts can only gamble a little.
Any grand ambitions are not feasible! $BTC $ETH
#WCTC交易王PK
BTC1.3%
ETH0.18%
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HighAmbition
· 1h ago
Just charge forward 👊
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Ryakpanda
· 1h ago
Just charge forward 👊
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ManyU
· 1h ago
Hop on now! 🚗
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