Saturday, Bitcoin once again sharply declined, directly falling below 78,000.
This market was already clearly emphasized last night—it's about shorting.
The entry point we provided was close to the current price.
Last night, we suggested shorting at 79,400.
As expected, there was a rebound at 79,400 in the early morning.
During the session, at this level, we directly advised students to short.
We updated our strategy again, urging everyone to continue shorting.
After a full night's sleep, it suddenly plummeted.
Originally, the plan was to exit at 78,500, but the market clearly accelerated its breakdown.
We directly advised students to hold their positions.
Just now, after breaking below 78,000, all positions were closed for profit.
Actually, since last night, we started shorting again,
and in the evening, we suggested shorting at the current price.
The thinking was already very clear—don't go all-in on longs,
and don't be stubborn on shorts either.
Instead, adjust according to market changes.
From a technical perspective,
the overall market is in a rapid reversal after profit-taking at high levels,
with daily and weekly candles closing lower.
Over the weekend, I expect further weak adjustments.
The 4-hour chart shows a one-sided weak decline,
with increasing volume during the acceleration.
The short positions we reversed into yesterday and the openly suggested shorts last night,
have gained profit as the market continues its one-way drop.
Currently, the 4-hour chart shows a relatively weak trend,
with a short-term weak, one-sided downward movement.
After consolidating and gathering strength,
the short-term remains to be a rebound followed by shorting,
and over the weekend, continue to look for breakdowns to lower levels.
For Saturday's short-term, I personally suggest being more aggressive—short at any point.
For those waiting for specific levels, consider shorting around 78,500-79,000.
Target near 77,000. #Gate广场五月交易分享
