Today is May Day, and there are still many influences in the news. Take a good rest.

Yesterday, U.S. stocks were influenced by the news, opening high and low, which caused Bitcoin to drop, but then it surged, bringing back Bitcoin with a small profit.

Today, the prediction should be a volatile trend, and currently, the long and short ratio in the 96-92 range is still more bearish.

Tonight at 8 PM and 10 PM, unemployment claims and PMI data will be released, which will have some impact on the stock market. But the impact may not be significant.

In terms of technicals, when U.S. stocks opened yesterday, after the release of negative data, Bitcoin fell to 929, then quickly rebounded to 938 and consolidated for a long period, breaking through 947-949 after the close.

From the picture, it can be seen that it has already broken through the downward position yesterday, with support levels at 938 and 929 both being broken, but quickly rebounding and consolidating at 938, indicating that buying pressure is still strong and bullish sentiment can be expected.

Of course, to continue rising, it needs to break through the resistance above. If 955 can break through 957 and maintain a volatile volume between 950-955, it indicates a bullish outlook. If it breaks 957-958 and cannot hold 950, then it will pull back. Currently, it seems that 957-958 should be broken in the next couple of days. There will not be a downward trend in the short term.

Continuing from the previous text, a breakthrough is inevitable, so the question is how to break through—whether it will be on increasing or decreasing volume. Currently, the selling pressure at 950 remains above 155, while the buying pressure is still controlling the volume combined with the consolidation of the past few days, it is highly likely to see a significant surge with a volume of around 100-200 million.

Where will this 100-200 million volume come from? From the big players, institutions, or retail investors? These need to be analyzed in conjunction with the news.

That's it for today, happy May Day to everyone, no trading today. Both trades made yesterday were profitable, slowly cultivating my trading discipline, mindset, and execution. Keep it up! I gradually start to find trading very boring, but every time I think about losing so much money, I must persist. Respect!