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$btc Today's Bitcoin price on May 1:
Currently, the Bitcoin price has risen to around 93,330, operating within a very critical resistance range of 93,000 to 94,000. This range itself is an important resistance zone from the past and is also a position where structural changes can easily occur, so from now on, we need to pay attention to whether the structure is complete and whether we need to guard against risks.
Under the current structure, there are two paths the market can take: one is the stronger yellow route, where the market extends directly upward to test the upper channel; the other is the more defensive red route, where it faces resistance in the 93,000 to 94,000 range, and after the structure is completed, it may drop further.
In summary, if this segment ABC is completed at the current position, then the entire rise starting from 84,398 could potentially form a complete rebound of a double sawtooth structure. Today, observe more and act less, patiently waiting for the market's development before making a decision.
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