Market fluctuations are normal. Stay true to your mindset and don’t act impulsively. Be patient and wait for your own opportunity. Looking back at the early morning chart: after Bitcoin surged to the 81,700 level, it immediately entered a narrow-range consolidation phase. The pullback bottomed out at just 80,700 and then quickly stabilized; afterward, it oscillated and rebounded to around 81,300, forming a typical retest-confirmation move. The 80,700 support line is strong, and the sell-off has been clearly absorbed. In our early-morning public post, we suggested a short idea on a rebound, shorting around 81,500. In our live trading, we took all short-term profits and are still holding the position for the swing, which remains profitable. (Small positions and short-term setups are not included in the statistics!)

Currently, the bulls and bears are locked in a stalemate. On the four-hour chart, bullish and bearish candles alternate, and the market overall remains in a narrow-range oscillation; a trend-breaking breakout has not yet occurred. For two consecutive days, the market has closed with small bullish candles with wicks, which is enough to show that the tug-of-war between bulls and bears is intense. At the same time, it also reflects that the bulls’ push-up momentum is clearly insufficient. Today’s market once again faced downward pressure and the rebound strength has been consistently weak. The current price has touched the upper boundary of the descending channel’s resistance area. Overall, the structure is showing an oscillation that is on the weak side—there is very limited room for the rebound, and downside risk is gradually building. Going forward, the key focus is whether the resistance zone above can be effectively broken. If it keeps coming under pressure and fails to hold, the market will most likely enter a new round of decline.

Wednesday afternoon Bitcoin: short near 81,500, target focus 80,000

Wednesday afternoon Ethereum: short near 2,380, target focus 2,300

$BTC #Gate广场五月交易分享