5.5 Evening Poem Perspective: High-level resistance, watch for a pullback!

After Bitcoin surged to around 81,278 in the afternoon, the market clearly showed signs of "weak upward momentum": repeated tests at high levels, each rally accompanied by long upper shadows, persistent selling pressure above, and a significant cooling of buying enthusiasm. The bullish momentum has entered a clear exhaustion phase.

From a technical perspective, the 4-hour chart shows the price significantly deviating from the short-term moving average, with the divergence rate continuously increasing, indicating a notable overbought condition in the short term. Although there was a slight rebound in the evening, it failed to break through the previous high resistance, showing a pattern of high-level resistance and pullback. Currently, shorting is not a contrarian move but a technical correction after a sustained rally, using high resistance levels for a wave correction, avoiding blindly chasing highs to buy in.

Bitcoin suggestion: Short around 81,200, with a target to test support at 80,000.

Altcoin suggestion: Short around 2,410, with a target to test support at 2,350.