BTC$BTC

As we mentioned earlier, after a long weekend, the price of Bitcoin has risen again after correcting to 93,500. Currently, everything has been sold.

At present, the overall bullish trend of the market has not changed at all. The short-term correction phase has essentially ended, and a new trend has begun again. The market is expected to reach 100,000 by May 1st.

After bouncing back from the correction to 93,500 on Monday, the current price has reached the 94,300 area. We are not optimistic about the bearish trend here. After all, the four-hour K line is reaching the upper path again, and there is enough space above the daily line. It is expected that there will be no problem reaching 96,000-97,300 in the morning session, so our thinking today is mainly to buy.

The big idea for Monday: buy at 94,000-93,500, target at 96,500-97,300, with a range visible at 98,800-100,000.