On the first day of the May Day holiday, the market experienced a new surge. The price of Bitcoin momentarily broke through multiple levels of resistance, soaring to around 974, causing yesterday's short sellers to become fuel for the market.

Currently, the bulls are strongly pushing up. In terms of technical patterns, there is a rise followed by a pullback, with short-term pressure around 975. On a larger scale, there was a significant bullish candlestick closing, marking a new high, indicating a strong trend. Therefore, in this context, it is advisable to follow the trend and go long, with a focus on the support level at 960. If it cannot effectively break down, we can rely on this area for support.

Trading Suggestions

Look for Bitcoin around 963, with a target at 975. If it breaks through, aim for 985. If it does not break 975, consider going short.