The big pancake is not working. In the morning, Kuku rises, but in the afternoon, it lacks momentum to rise? 😂 I still have a short position at 99966. Is there no opportunity? If there’s no opportunity, I’ll have to place a long position at 74000~ I was thinking that I wouldn’t be able to get a long position around 74000.

Good morning, I am Ou Peng. Today is May 1st, and I wish everyone a happy holiday. Today we will take a look at the medium and long-term trends of Bitcoin. As usual, I will first share my opinion: bullish.

The Bitcoin price fluctuates around 94,571, and the previous low of 92,500 has not been broken. It shows a slight upward trend and signs of gradual increase, forming strong support in the range of 94,000 to 94,600.
MACD shows a significant divergence with the high position signal diminishing, but it still maintains a red bar, overall leaning bullish.
RSI is above 50, indicating entry into the overbought zone but with no obvious trend market signs.
EMA7 > EMA30 > EMA120, the short-term moving averages are rising and the price is above them, showing a clear bullish pattern.
The Bollinger Bands price is between the middle and upper bands, indicating further upward space in the short term.
The net inflow and outflow of contract funds data shows significant net inflow in time frames of 1H, 2H, 6H, 8H, 12H, 24H, etc., indicating that market funds are actively flowing in, and there is hope for continued upward movement in the medium and long term.