During China's May Day holiday, Trump did a good job in saving the market. Bitcoin not only recovered its losses but also reached a new high.
However, I plan to try to guess the peak tonight. The specific reason is that if the 1-hour chart rises to a new high tonight but with insufficient strength, this rebound is likely to be the peak, and the market will either consolidate or decline afterward.
For details, please see the chart:
On the 8-hour chart, there is a clear upward trend with a double central point. We are currently in the divergence phase. If the divergence is to break, it needs to continue rising to around 104,000, which is another 7,000 points. Personally, I think the probability is low, but of course, I do not rule out a rise to 104,000 tonight or tomorrow. If that happens, it will be a different situation.
If the strength is not great and it ultimately returns below 95,770, then if there is a new high tonight, it would be a better shorting opportunity.
So, when exactly to act? I currently cannot predict the point and do not know if it will rise to 104,000; I can only wait for signals.
A central point has already appeared on the 1-hour chart. If there is a new high later, it's best to wait for 3-5 overlapping 1-hour candlesticks before making a new high. After that, a bearish candlestick closing would allow for an entry, with a stop loss above today's high. If the stop loss is hit, just continue to wait for another red box like the one above before proceeding with the operations, provided it doesn't rise to 104,000.
Is it a bit unclear? The current market hasn't unfolded yet, and everything is a prediction, which is indeed hard to imagine. You can specifically wait for the signals to come out and pay attention to my new posts, or after the market unfolds, I will give a post-analysis for everyone.
Everyone can just hold the chart and wait for signals according to the market.
