$BTC BTC bulls show strong resilience. Although there was a drop in the early session, it was believed that the CME gap (93400-91800) would be filled, but it quickly rebounded at the edge of the 1-hour channel, accompanied by a rise in CVD positions.

As the "May Day" holiday and the 2049-related meetings approach, the short-term bottoming process remains unclear. My personal judgment is that the bottoming process will not be too fast, and the current rise may only be a repair of market sentiment.

After closing short positions in the early session, I did not chase long positions, and most altcoins also regained lost ground. Given the missed entry, I chose to stay on the sidelines and focus on the price movements after 4 PM. If the upward trend continues, I will consider chasing long positions to play the U.S. stock market opening; otherwise, I will continue to observe.

Market opportunities are common; the key is to avoid misjudging the timing.