1. Overview of the Overall Market

In today’s (May 1st, Thursday) BTC market, the trend characteristics are significant. Recently, the overall market rhythm has remained in a fluctuating state, with intense competition between long and short positions, and no clear unilateral market direction. Both sides frequently switch dominance, and this fluctuating rhythm has been consistently maintained.

In terms of volatility, the market fluctuations are relatively small. Due to the lack of strong stimulus from news, the market finds it difficult to break free from the fluctuating pattern and establish a unilateral trend. From a technical analysis perspective, the structure of the 4-hour chart is particularly clear, intuitively reflecting the current fluctuating state.

2. Analysis of Key Support and Resistance Levels

In terms of price range, the bottom area of 93000 serves as an important support level, having withstood multiple rounds of price testing without being effectively broken, demonstrating strong support strength. The resistance level around 95500 is also very obvious; when the price frequently approaches this area, it faces suppression and retreats.

This fluctuating rhythm has lasted for more than ten days, and the market is waiting for new catalytic factors. Tomorrow (Friday), the non-farm payroll data will be released, which is an important time point. If, after the non-farm data is released, the market still cannot break the current range and establish a unilateral trend, then the breakthrough may have to be postponed until next week.

3. Suggested Trading Strategy

(1) Short-Term Trading Thoughts

Based on the current fluctuating market, short-term trading strategies can be formulated around the range fluctuations. Specifically, when the price rises to the 95300~96000 area, short positions can be considered, targeting the price range of 93500 - 92000. If the price retraces to the 93000 support area without effectively breaking down, a long position can be taken, looking again towards the 95000 area. Through this high sell low buy method, trades can be actively participated in within the range. During operations, it is essential to closely monitor the price performance around resistance and support levels, and to set reasonable stop-loss and take-profit levels to manage risks.