Bitcoin morning analysis on Friday, May 3:
There was no major change in the overnight Bitcoin market, and it was still fluctuating within the range. From the market, we can see that since the correction yesterday morning, the market has been running in a slow and roundabout upward rhythm. The bottom price has been raised, but the upper resistance is still strong. The big cake has repeatedly probed the 60,000 mark and has never been able to break through. I personally think this is a performance of luring more. If the pressure level is not broken, it can continue to rise.
We can see from the 4-hour chart that the big cake began to rise after the bottom support, running in a continuous upward rhythm, but its strength is not strong enough. The small rebound is not a reversal, but more of a power accumulation. After all, there is a large space for decline, and the market also needs time to repair, which is what we often say, time for space. The current market trend has not changed. After the rebound is accumulated, it will usher in a correction. It is still the same as yesterday. If the 60,000 mark is not broken, we will continue to see no change!
Morning tips: Big cake around 59200-59700
