Hello everyone.

Hello everyone.
Did you all have a good time during the recent holiday?
Let's get straight to the main issue regarding the current BTC situation.
After a week of fluctuations, BTC has broken out of the range on May 1.
- Image 1: The target BTC is still aiming for the blue line as I mentioned the other day. Nothing has changed. And the price is still closely following the blue boundary before adjusting back.
- Image 2: To keep it that way feels a bit precarious, so I have analyzed a bit closer with the purple line.
Here you will see that the purple line is sloping up very strongly, which means that along the purple line, the price will find a way to gradually move up.
However, there are two things you should note here.
1. The blue line indicates that the current price has reached a maximum point.
2. With the purple line, the price has tested it 3 times but could not reach it and is currently undergoing a small adjustment. This shows that the upward momentum is slowing down, and the price may adjust and stop around 96k to accumulate before advancing again.

Many of you may ask what to do then?
There are 2 options:
1. Wait for a clear breakout above the blue area (around 98k) and then possibly go long.
2. Wait for the price to break through the area where the purple line intersects with the range (around 95.5k) and then possibly go short.
3. If you are addicted to gambling, the blue line may attract the price towards it; you can go long when the price touches the purple line.
Good luck.