Today, the bullish momentum for Bitcoin is super strong! It suddenly fell in the morning, and I thought it would fill the gap between 91800 and 93400 on CME directly. As a result, it just fell to the edge of the 1-hour K-line channel and then rebounded, while the open interest is still increasing. Now it's approaching the May Day holiday, and we are nearing the important node in 2049, so it's really hard to say in the short term if this is the bottom.

I think, even if we are going to build a bottom, it won't be that fast. This wave of rise is more about the market digesting news sentiment. I closed my short position in the morning but didn't rush to go long. Many altcoins followed Bitcoin and have returned to the price before the morning drop.

A reminder to everyone: if you missed this wave, don't rush. Wait until the market closes at 5 PM to see. If the price can hold, maybe when the US stock market opens in the evening, there will be another surge, and it will still be time to chase longs then; if it can't hold, then just observe further. Remember, there are opportunities to trade cryptocurrencies every day, so don't operate blindly when the market is unclear!