Reviewing the intraday market, Bitcoin rebounded from around 80,650 in the morning to a high of about 81,700 at noon, then faced resistance and fell back to around 81,000. In the afternoon, influenced by U.S.-China news, it surged again to a high of 82,828 before quickly dropping back to around 81,000 to find support and rebound. Currently, the coin price is fluctuating around 81,600.

This morning, our bearish outlook was confirmed with a prompt suggestion to short near 81,500. The morning rally was in line with expectations, reaching our short entry point. We advised entering short at 81,500 and exiting at 81,000. The short-term short position gained about 500 points.
In the afternoon, we maintained a high-short strategy around 81,700, but due to U.S.-China news, the bullish momentum reversed unilaterally. The short position at 81,700 was stopped out at around 82,000. We then suggested placing a short order around 82,800.
In the evening, during the European session, the price rebounded as expected above 82,800, and we advised all students to continue shorting at the current price. The take-profit target was straightforward: a drop back to around 81,000, which was the previous high point. The price retraced as expected, reaching around 81,000, allowing a short-term profit of 1,700 points.
Here, I want to clarify and synchronize our strategy: the current market is driven by news and has reversed unilaterally, but its overall sustainability is uncertain and needs further validation. Even if some stop-losses occur along the way, the overall bearish stance must be maintained. Stay firm in the bearish outlook. In trading, the core conviction in your strategy is more important than short-term gains or losses.

From a technical perspective, Bitcoin is showing a correction with oscillating downward movement. Considering the current market rhythm, focus on the key support level: yesterday’s morning starting point at 81,000. In a strong trend, the starting point usually does not break easily, and this level is a critical short-term defense line for the bulls.
Operationally, continue to follow the overall oscillating upward trend. During the midnight session, rely on the 81,000 support level to gradually build long positions, paying close attention to whether this support holds effectively, especially observing the rebound strength and market changes before and after the U.S. stock market close. Overall, the market is in a relatively strong upward trend within a oscillating pattern, which has become a recent normal.
Therefore, during the day, take advantage of the midnight retracement to buy on dips mainly.

Bitcoin: Long near 81,000, target 83,000
Ethereum: Long near 2,340, target 2,420

$BTC #Gate广场五月交易分享