#BTC

BTC Market Analysis:

Brothers, you had a strong rally during this May Day holiday! The short-term high point reached around 98000, faced resistance, and has since retraced. The current price has pulled back to around 93800, and from a smaller time frame perspective, there are still no signs of a bottom. Let's pay attention to when a bottom appears!

In terms of trends: From the chart, after breaking through the Fibonacci level at 96000, if it falls back into that range, we need to pay attention to the support level below, which is around 91800, the lower edge of the sideways range mentioned earlier. One of the support levels for this upward wave is around 88500, which is a strong support level downwards, basically a 9000 point pullback from the high point.

Regarding market sentiment, there is no FOMO, no panic, and the trend is relatively in line with expectations, with no extreme market conditions!