彼得兔|May 07, 2026 02:42
BTC Market Analysis 2026.05.07
BTC started its bullish move from 75K, aiming for the green Gann angle line (around 82K). Yesterday, it reached this position as expected but unfortunately failed to hold above it. On 5.5, we mentioned that if it couldn’t break through here, it’s time to partially take profit on long positions. Staying true to our words, we notified in the Bunny’s Little Den yesterday to partially take profit on longs and observe the pullback before making further moves. So, what’s next for BTC?
If the 4-hour candlestick closes below 74,900, be cautious of the rebound ending. As long as it doesn’t break below this level, the rebound still has momentum to continue.
Keep an eye on whether this week’s weekly candlestick can close within the green trapezoidal zone shown in the chart. Closing within this zone would indicate strong market performance.
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