Market Review: Bulls and Bears Both Suffer, Major Players' Tactics Are Decisive

The market has experienced a typical bull and bear trap scenario, with major players clearing out thoroughly.
During the Asian trading session in the morning, Bitcoin surged with high volume near the 78,000 level, breaking through 80,000, reaching an intraday high of 80,630, and also hitting a new phase high.
But then the price oscillated downward, forming a technical correction.
Around 5 to 6 PM, influenced by news, the price dropped sharply, falling 2,000 points within 20 minutes, directly returning to the 78,000 level.
This is a clear wipeout of the longs, as those chasing in are easily stopped out.
After the US market opened, the price rose again, fluctuating around the 80,000 mark.
Currently, the price is gradually stabilizing above 80,000.

Ethereum's rhythm is similar.
From the Asian session to noon, the price rose to around 2,399 but failed to break 2,400.
In the evening, influenced by news, it fell 60 points within 20 minutes.
Then it followed Bitcoin's sideways upward movement, with a breakout near 2,380 during the US session, now oscillating around 2,370 below 2,380.

In terms of real trading, we entered a swing short position on Bitcoin on May 1st, holding for three days, and successfully took profit at noon today, earning 2,200 points.
At noon, we continued to add to the short position, with a 1,400-point profit target, which was also achieved.
In the evening, we adjusted our strategy in time, reminding to buy on short-term pullbacks, and synchronized with a 1,246-point gain.
By accurately timing both longs and shorts, profits are naturally secured.

Today, a new member has joined the team, welcome him.

Long-term remains bearish, with a high probability of a false breakout.
Over the weekend, I repeatedly mentioned in blog posts and live streams that long-term shorts can start to be laid out.
The view remains unchanged.
Bitcoin has risen for a month, and it’s time for a correction.
There are no gaps on the daily chart, so this upward move is likely a false breakout.
Currently, the price has touched the weekly resistance level, with the top structure gradually forming, and a new downward trend may begin.

On the short-term level, the price still needs a rebound, so the strategy is mainly to buy on dips, with quick entries and exits.

Future operation points:
Short-term longs
Bitcoin: Buy near 80,000, target 80,500-80,700
Ethereum: Buy near 2,360, target 2,370-2,380

Long-term shorts
Bitcoin: Short in batches at 80,700-81,200, first target 79,000, then 77,000
Ethereum: Short in batches at 2,380-2,400, first target 2,330, then 2,280
$BTC $ETH