Though late, it has arrived. The price first fell below 80,000, then 79,000, and 78,000, creating a new low of 77,601 in this afternoon. The Bitcoin 4-hour Bollinger Bands lower band broke as expected, expanding downward. Last night, after the US stock market opened, it broke below the 80,000 support level, which is also the initial point where the momentum of the correction continued to be released. The recent strength of the correction tells me not to guess where its bottom is. #特朗普访华

Since last night, there have been signals to short. Last night, there were two alerts to short at 79,400. Today, Saturday, the market violently retested as expected, and all short positions are profitably closed. This morning, it broke down and continued in the afternoon; tonight, it’s likely to remain short. In a trending market, don’t overthink it—short at any point now. Tonight, Bitcoin is expected to break below key levels again, with the target around 76,500. #Gate广场五月交易分享

The current price spread has fallen from the previous high of 82,828 by 5,000 points to the low of 77,850. You can watch the 78,000 level as well—this is also a key point where the prior spike topped out and then stabilized. Meanwhile, as the price spread continues to fluctuate above 82,000 on multiple subsequent attempts, the highs have been consistently shifting lower, which also suggests that the probability of a turning point is gradually rising. Now, on the “big cake” 1-hour timeframe, after the early-morning price spread saw a brief small rebound and a repair, this afternoon the “kōngtóu” is again affected by news, and momentum has continued to grow. It is currently at the key support level of 78,000. A break below this level also means that more downside room will open up. Once market sentiment again triggers panic selling, there will be a large pullback—so the next thing to watch is 70,000. “Yi-tai” had also said before that the overall momentum of the “kōngtóu” is stronger than the “duōtóu.” The 2,200 support will be difficult to hold; in the afternoon, it also quickly broke below support along with the “big cake,” and 2,000 seems not far off. There’s no need to act immediately in the future. Just watch whether this key level confirms support, or whether it’s a valid breakdown that opens up further downward space. #CLARITY法案参议院通关