[A new week is coming. Will it continue to explore new highs or start a rapid plunge? ]
2024.5.6 Morning BTC Market Analysis
During this May Day holiday, everyone asked for a hammer in the first two days, and the focus was on forcing more. The focus in the next three days was on rebounding and forcing shorts, and harvesting after inducing shorts! This wave of main forces is playing six flying no matter how you look at it. Without years of harvesting experience, it would not be so gorgeous!
It is the most unfriendly to small retail investors who chase ups and downs. They just cut their losses after falling below 60,000, and within two days they directly recovered to 64,000. The blood has not stopped yet, and it has ushered in a double critical hit!
BTC Focus
Support 61000/57800
Pressure is temporarily set at 65000±200
At present, the short-term and medium-term trend is still bullish. Don’t fantasize about long and short eating. There is no second or third test of the support and resistance level. The first time is all regarded as a false breakthrough and false suppression. The first touch can be regarded as a trap of the main force!
A new week, a new emotional intersection. From a historical perspective, if the market falls back to around 60,000±300 this week and rebounds to 65,000±200, it will sprint to the 65,000-69,000 range. If this happens, it will fall first and then pull up, or pull up first, but it cannot stand above 70,000 and continue until next week, then it will run away!
