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Friday Thoughts | No pause during May Day, rebounds are still empty points
First, wish brothers a happy May Day, while others are on holiday, the market can still operate as usual.
The market won't show mercy because of the holiday; whether it drops or is harvested, it will do so.
This early morning trend still has that familiar flavor:
Price repeatedly tests the resistance above but can never break through.
Every time there’s a slight rebound, it gets pushed back down immediately, indicating the bulls lack confidence, and selling pressure above remains obvious.
Daily level: Bearish momentum continues to be released, resistance above is clear, overall still in a weak rhythm.
4-hour level: Rebound strength is weakening, bears are gradually controlling the market, the trend’s focus is downward.
1-hour level: Short-term correction structure has formed, rebound is weak, and the rhythm continues to favor the downside.
Today's idea is very simple: don’t overcomplicate the market; in a weak market, one sentence is enough: a rebound is just a setup for shorting.
Operation reference:
Bitcoin 76,800—77,500 range, staggered short positions
Target: 75,000 → 73,500
Second Bitcoin:
2,270—2,300 range, staggered short positions
Target: 2,240 → 2,080
If it can’t go up, it’s weak; if it can’t fall, it’s only a matter of time.
Following the trend and shorting high is the main line; be patient with your positions, profits will come naturally.