🌹May follow-up market analysis + Chapter 20 of the Chande theory diagram👇
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On May 1, Bitcoin broke through the resistance level of $95,000, but the bulls failed to maintain the upward momentum, with the price retreating from a high of $97,895 on May 2. The current price is once again above $95,000, the 20-day EMA ($92,106) continues to rise, and the RSI is in the positive zone, indicating bullish dominance. If the price stabilizes and rebounds between $95,000 and the 20-day EMA, the bulls may push BTC/USDT to challenge $100,000.
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🌹Conversely,
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