Cryptocurrency Market Strategy Analysis on May 2nd Early Morning

From the 1-hour K-line trend of Bitcoin, the price quickly came under pressure and fell back after touching the upper Bollinger Band, and has now retreated to near the middle band. This change indicates that the bullish momentum for a breakout upwards in the short term is significantly weakening. Meanwhile, the KDJ indicator has shown a downward turn after entering the overbought zone, further releasing short-term correction signals. Based on the overall performance of technical indicators, it is recommended that investors temporarily avoid the risk of chasing highs and maintain a cautious attitude.

Operational Advice: When the Bitcoin price is in the range of 97,300 - 97,800, consider lightly positioning short positions. Target price levels are set at 96,000 and 95,000 respectively, with a stop-loss set above 98,200. This is a personal suggestion and for reference only! #币安Alpha上新 #加密市场反弹