The lowest price of Bitcoin during the day was 58,800, and the entry point I gave was 58,600, which was only 200 points away from the entry point, but the first target of 59,600 has already been reached, and the current price is 59,800.

Analysis of the morning market on May 3
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Market review
​$BTC $ETH $BNB
​I said last night that Bitcoin's nighttime trend will not be too big. Bitcoin opened high and closed high yesterday, and finally successfully reversed. Yesterday's opening price was 58,300, and the lowest price was below 57,000. At night, the highest price reached 59,600, almost breaking through the 60,000 mark, and the daily line also closed positive.
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​Trend analysis
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​After yesterday's reversal trend, it is difficult not to doubt that Bitcoin will rise during the day. The Bollinger Bands in the hourly chart have begun to move upward. The short energy column in MACD is nearing its end, and the double lines are also extending upward. The KDJ three lines have twists and turns, giving an unclear direction for the follow-up. If the 3-wave decline follows the 3-wave decline in the figure below, it is not difficult to judge that this round of 3-wave decline has ended, and the next wave is 3-wave rise. Judging from the trend of the hourly Bollinger Bands, it is more likely to rise in the next 3 waves.
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​Entry point suggestion
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​Bitcoin 58600 position directly long, looking up to 59600-60600, defense 57800.
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​The above strategy is for reference only, profits and losses are at your own risk, and specific operations are based on real trading. #美联储何时降息？ #5月市场关键事件 #比特币现货ETF持续淨流出 #BTC下跌分析 #ETH