Monday, do you still dare to short BTC?

The four-hour Bollinger Bands are tightening—Bollinger Bands narrowing, volatility contracting, and the direction waiting for a breakout. Moving averages are tangled, with no clear one-sided bullish or bearish trend in the short term. From a technical pattern perspective, a descending wedge is consolidating; rebounds face resistance, and the downside space is limited. In terms of the core setup, the 80,000 level is repeatedly probed, but it hasn’t been broken through after a long siege.

On the news front, ETF positive support: On May 1, the spot BTC ETF saw a single-day net inflow of $629.8 million, a new intra-year high, as institutions continue to pick up on dips. Macro pressure: crude oil surged violently, rate-cut expectations from the Federal Reserve have been pushed back, the U.S. dollar is somewhat strong, and risk assets are being suppressed to the upside. Market sentiment: cautious sideways consolidation, a big divergence between bulls and bears, and low willingness to chase highs.

Morning reference suggestion: take light short positions in batches within the 78,800–79,200 range, stop-loss at 80,000, and look down to 76,800.

A new week—let’s work hard together.
$BTC #比特币ETF期权持仓限额增4倍