As May arrives, the monthly candlestick closes with a long lower wick, indicating a strong bullish candle that breaks the pullback after this round of bull run. The price has also managed to reclaim the 90,000 mark, which suggests that the market is still in a bull market. Although we are at the tail end of the bull, there is still a possibility of breaking the previous high of 110,000. The current pattern can continue to reference the shape of 2024, as the current wave form has shown a rise marking the bottom of the fourth wave, with momentum for the fifth wave's rise. Combined with the upcoming interest rate cuts from The Federal Reserve (FED), this represents the right timing and favorable conditions. However, it may still be a bit early to buy the dip in the long term, as until the interest rate cuts are realized, market sentiment will continue to dominate the bulls and bears. Long-term buying will need to wait for a pullback in this month's monthly candlestick before making plans.

Looking back at our short-term market situation, both the bulls and bears have broken the previous range of turbulence and consolidation, with the upper and lower running ranges being somewhat restricted. Overall, this market does not have a clear direction; it is merely a process of high shorts and low longs, testing around the resistance points. However, on the four-hour chart, the overall shape shows that after the previous rebound to 75000 forming a double bottom, it is still moving upwards according to Elliott Wave Theory. Currently, the low-level game has the intention of further probing and breaking through the turbulence range, but in the current game, the bears are showing some slack in volume, and the bulls are unable to break the stalemate. There is a certain intention for a pullback in the trend, so we can appropriately change our thinking in the evening, moving the support at the bottom lower, and we will cautiously look for a pullback in the market this evening.

　　Bitcoin can be shorted at 94300-94800, looking at the vicinity of 91700. Ethereum can be shorted at 1790-1810, looking at the vicinity of 1700. Bitcoin's long term view is to wait for the market pullback to break below the 90000 level before directly placing a bullish buy the dip position, aiming for 10.5k. #BTC