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May 5th Bitcoin (BTC) Strategy:
Bitcoin is stuck sideways around 80,500, with no strength to push higher, and selling pressure is very heavy; the daily chart shows a long upper shadow, indicating the bulls are exhausted.
On the news front: The situation between the US and Iran has become tense again, a ceasefire agreement is close to collapsing, and geopolitical risks are rising, which is bearish for the market. Prices cannot rise significantly from high levels.
Bitcoin:
When it rebounds to the 80,500–81,000 range, go short directly, with the first target at 78,500. If it breaks below that, look further down to 77,000.
$BTC #美伊波斯湾交火