5.1 Evening

Thoughts and Analysis:
Bitcoin is stuck in repeated oscillations at high levels, with each small rally being a false rebound, showing no momentum for a sustained upward push.
Repeated tests of strong resistance above have failed to break through, with heavy selling pressure at high levels. Every time it hits resistance, a large amount of sell-off occurs, and the bulls are unable to hold the position.
The daily chart shows a stagnation at high levels, with moving averages flattening and turning, and the upward pace has completely slowed down, forming a typical top pattern.
It appears to be sideways and resistant to decline, but in reality, it’s the bulls weakly defending the market, deliberately tricking retail investors into blindly chasing longs.
The hourly chart is gradually weakening, with rebound highs continuously lowering, and support levels quietly being lost.
Bullish sentiment remains subdued.
Rallies are shrinking in volume, and declines are increasing in volume, with clear capital outflows.
The bullish and bearish dynamics have completely shifted to a bearish trend, and a downward move could start at any time.
Trading Suggestions:
Bitcoin: Rebound around 79,000-80,000, target 77,500, 76,500.
Altcoin: Rebound around 2,330-2,350, target 2,270, 2,250. #美国寻求战略比特币储备 $BTC $ETH