🔥May Follow-up Market Analysis + Chapter 21 of Chan Theory Diagram👇
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On May 1st, Bitcoin broke through the resistance level of $95,000, but the bulls were unable to maintain the upward momentum, with the price retreating from a high of $97,895 on May 2nd. Currently, the price has risen back above $95,000, the 20-day EMA ($92,106) continues to trend upwards, and the RSI is in the positive territory, indicating bullish dominance. If the price stabilizes and rebounds between $95,000 and the 20-day EMA, the bulls may push BTC/USDT towards $100,000.
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