2025/05/01 Market Update

🥇01 Review of Yesterday

BTC: As mentioned yesterday, there would be a wave of downward correction, and these corrections are opportunities to enter. Last night, after a rapid drop on the hourly level, the price quickly rebounded, still oscillating at a high level, but volatility is starting to increase.

🥈02 Today's Analysis

BTC Trend: The price needs to rebound after testing the 4-hour support. Currently, the performance remains strong, and the corrections are opportunities to enter. The rebound on the 4-hour level has just begun, aiming to push higher above 96000. The strong support on the daily level remains at the MA120 line (91670) and the daily MA30 line (86780). The daily MA30 line is relatively far from the price, so a significant drop in the short term is unlikely, thus the MA30 line will continue to rise and move closer to the price.

Key Levels:

Resistance: 96100-99100

Support: 91700-88950

🥉03 Today's Summary

Market Overview: The upward trend on the weekly level has been confirmed, and corrections are opportunities to enter. $BTC #BTC