$ETH During the May Day holiday, trading continues without pause; market opportunities wait for no one.
Today, Bitcoin did not follow the pattern of rising sharply then falling back; instead, it experienced a rollercoaster with an upward push to 80,590 before quickly losing momentum.
In the early session, it surged with high volume, reaching the high point, then the bullish momentum rapidly weakened.
Subsequently, the price broke below the middle band of the Bollinger Bands and dropped with increased volume to a low of 78,128.
Although there was a slight rebound, it remained under pressure below the middle Bollinger Band.
Currently, the price hovers weakly around 78,900, showing a weak trend of rising with little strength and falling back after breaking support.
On the 4-hour chart, false news from the news side precisely pushed the price down to near the middle band (78,565), with a spike down to 78,128, but the candle body quickly recovered, firmly staying above the middle band.
This is a typical "spike washout + pullback confirmation" pattern; the bullish structure remains intact.
The middle and upper bands continue to trend upward, with the low point rising from 74,868 to 78,128, indicating the upward trend is intact.
As long as the middle band at 78,565 is not broken, the trend remains bullish.
Pullbacks are opportunities to buy in.
First target above the previous high of 80,590, then look for above 81,500 after breaking through.
Buy near 78,500 for Bitcoin, target 81,000.
Buy near 2,310 for the Yitai token, target 2,370.
Today, Junjie led students to position in Bitcoin with one short and one long, gaining a total of 1,812 points.
Yitai had one short and one long, earning 70 points in total.
Brothers following the rhythm can enjoy the gains.