On Tuesday, the short-term rebound is limited, first short and then long in the morning.

Yesterday, Bitcoin failed to break through 935 in its second dip. The price began to rise, but there was no substantial breakthrough. Although it briefly broke through the pressure of 950 on the short-term, it did not hold steady and is currently hovering around the 948 area.

On the daily level, Bitcoin has rebounded after a consecutive decline, presenting a wide range pattern in the short-term, while still leaning towards bullish in the higher timeframe. In the short-term 4-hour chart, the price of the coin has significantly retraced and broke below the lower boundary, forming support in the 935 area before moving up with consecutive gains, but the momentum is limited. The price is operating between the middle and lower boundaries, and the short-term rebound is a normal correction after the decline. Therefore, it is recommended to initially treat it as a high position in the morning and then go long after the drop.

In the morning, refer to the short-term empty zone of 949-954, looking at the 940 area. If it doesn't continue down, you can rebound.

#五月行情预测