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# Bitcoin
Today’s Market Analysis and Strategy for May 2nd
⚡️ Intraday Resistance: Around 78,700
⚡️ Intraday Support: Around 77,500
Although the price has shown a breakout and upward surge, the follow-through momentum is somewhat lacking. Overall, there is still ample room for upward movement, and the daily chart remains a strong bullish structure with large positive candles. Therefore, following the trend and buying on dips are the core strategies for the near future. Currently, the market is in a consolidation phase, brewing for a second upward push. As long as there is no deep retracement, this strong bullish trend is unlikely to reverse. In summary, the short-term bullish trend continues, and Saturday’s overall trading should mainly focus on buying on dips to build positions.
Suggestion: Buy around 77,500, target 79,000