2026.5.4 #btc
First week of May, the weekly chart is accelerating, trying to break through weekly resistance. Currently, both the daily and weekly charts are gaining momentum. Today, the main strategy is to low buy for a long position, and we’ll consider going short once we hit the weekly resistance. Bullish sentiment is quite strong. This morning's initial surge has set the direction for today’s daily chart. After the pump, it’s likely we’ll see some sideways consolidation. A pullback to the 15-minute support is a solid entry point for going long. There’s still significant room for a push towards the weekly resistance this week.
First week of May, the weekly chart is accelerating, trying to break through weekly resistance. Currently, both the daily and weekly charts are gaining momentum. Today, the main strategy is to low buy for a long position, and we’ll consider going short once we hit the weekly resistance. Bullish sentiment is quite strong. This morning's initial surge has set the direction for today’s daily chart. After the pump, it’s likely we’ll see some sideways consolidation. A pullback to the 15-minute support is a solid entry point for going long. There’s still significant room for a push towards the weekly resistance this week.