The daily chart of Bitcoin shows a strong trend, with the price consistently running above the middle band of the Bollinger Bands, highlighting the advantage of long positions.
Previously, when the price reached the support level of 93500 USD, although there were signs of a breakdown at one point, it quickly rebounded to recover lost ground, demonstrating the strong effectiveness of that support level.
Currently, the market performance shows that the pullback strength is weak, and the price is difficult to form a sustained downward trend. The long positions are solid, providing strong support for the subsequent market to break upwards.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The daily chart of Bitcoin shows a strong trend, with the price consistently running above the middle band of the Bollinger Bands, highlighting the advantage of long positions.
Previously, when the price reached the support level of 93500 USD, although there were signs of a breakdown at one point, it quickly rebounded to recover lost ground, demonstrating the strong effectiveness of that support level.
Currently, the market performance shows that the pullback strength is weak, and the price is difficult to form a sustained downward trend. The long positions are solid, providing strong support for the subsequent market to break upwards.
Bit: 93800 line, looking more at 95000-96000
#五月行情预测