5.1 Thursday Morning Bitcoin Analysis

First of all, I wish everyone a happy May Day and a joyful holiday!

On the four-hour level, the price briefly broke through the lower Bollinger Band and then quickly rebounded. Currently, the Bollinger channel remains in a horizontal consolidation trend. The lower band shows an upward repair trend, indicating that the downward momentum has weakened. Therefore, it is recommended to trade in the range of 955, and to watch in the range of 930.

For Bitcoin, trade in the range of 933-936, with a target upwards to 95100.

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