May 5th BTC Price Trend Analysis

1. K-line Pattern: Today's daily line closed with an upper shadow bullish line, the market rebounded from yesterday's low of 93445 to today's high of 95165, an overall rebound of more than 1700 points. From the closing situation of the 12-hour and 4-hour charts, there is currently a demand for a 4-hour rebound. At present, the rebound resistance level in the 4-hour chart focuses on shorting opportunities around 95180-95650. The 1-hour chart is currently in a correction trend, with strong support around 94350. If the support below is broken, it will successively reach 94000-93750, so pay attention to long opportunities.

Currently, the market has entered a narrow range of price fluctuations between 93750-95700, maintaining high short and low long positions within this range. If Bitcoin breaks the support of 93500, it will continue to decline, with daily line corrections successively focusing on 92350-91500-91000!$BTC #加密市场回调