Waiting for Wave 5 to begin, breaking the 100,000 mark is just a matter of time!

After the May Day holiday, Bitcoin experienced a transformation, with the price dipping to around 93,500. It rebounded from the low on the 9th of last month to the high on May 2nd, moving northward. The market is showing a driving wave, with Wave 3 in an extended trend. As long as the overall trend is not disrupted, it maintains a healthy shape. After the extension of Wave 3, the highest rebound price of 93,500 is a normal occurrence for the emergence of a zigzag wave.

Looking at today's market, the trend seems to be quite stable. After completing Wave 3, we are currently in Wave 4 adjustment, expecting the adjustment range to be around 90,000-88,000. The market is unlikely to drop below 88,000, and the overall bullish trend remains unchanged. After Wave 4 adjustment is complete, a wave of 'Wave 5' upward movement will begin, and at that time, breaking the 100,000 price will be merely a 'breaking of the shell in the egg.' If today's operations can push up to around 95,500, you can directly enter short positions, and you can control the settlement price and take profit as needed.

Ethereum's trend is similar to Bitcoin's, but Ethereum is struggling to rise and can only rely on its leader to drag it along. The medium-term adjustment is expected to be ongoing, with attention on the price of 1,833. If it cannot hold above this level in four hours, it will need to continue adjusting, with support around 1,728.

From the four-hour perspective of Sol, it still needs to continue adjusting. As long as it breaks below the price of 140 and reaches 136, then this round of zigzag wave will be considered truly complete. Resistance above is at 147, with support around 140.

Since the rebound, XRP has remained in a weak state and is currently adjusting quite frequently. It is expected that this round of adjustment will soon come to an end. Pay attention to the price of 2.076 below; as long as the closing line is not below this price, Wave 5 rebound will arrive.

BGB has repeatedly closed below 61.8% in four hours. It is highly likely to move towards the lower 50.0% division line. Let's continue to stay cautious.

Dogecoin's trend is not very stable. If it cannot continue to hold above the price of 0.17 at the daily level, the probability of adjustment will significantly increase. Conversely, once it stabilizes above 0.17, the rebound will begin. It is recommended to remain watchful.

Today's summary: Reduce the frequency of operations. At suitable high prices, you can make small short operations; for other coins, just observe when it is time to do so.