May 4 Afternoon Bitcoin Outlook: Bulls and bears engage in rapid tug-of-war, breaking the 80k barrier, rallying weakly and then falling back. Clear market outlook

Today’s early trading session showed quite interesting market movements. Industry insiders often say that sharp drops in the morning often hide tricks, and today’s market perfectly confirms this statement. Bulls and bears quickly engaged in a tug-of-war, with the market initially dipping to a low of 78.2k, then rapidly forming a large bullish candle to strongly rebound, breaking through the short-term strong resistance level of 80k, which had been tested multiple times before but not broken. The highest reached around 80.5k.

Earlier in the morning, Lin Ruizhe also provided a short-selling strategy. Although somewhat aggressive, he also advised adding to the position later, which has now just reached the entry price. Continue to hold!

After the rally, the market did not sustain the upward momentum. The short-term pattern remains weak. The current trading strategy remains unchanged. For those who haven't entered, continue to focus on shorting on rebounds.

Place short orders around 80,300 during the rebound, with support below at around 79,000. Breakouts target 74,800! #WCTC交易王PK $BTC