$BTC On May 2, after the non-farm payroll data was released, BTC broke through to around 97800. After reaching this position, there was obviously a lack of momentum, which indicates that the main force created a false breakout. This is essentially a trap set by the main force to lure retail investors into buying. It can be clearly seen that after BTC's price reached around 97800, it quickly fell back into the range of 92800 to 95700. From 97800 to 93500, the decline exceeded 4300 dollars. If BTC wants to continue to rise, it must stabilize above the pressure level of 95700. However, it is clear that it did not stabilize and quickly fell down. Moreover, the upward momentum is currently very weak, so I am bearish on the subsequent market.
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