May 7th Thought Process Reference:

In the early morning, Bitcoin's market didn't have much fluctuation, staying within the 81,000-81,500 range, repeatedly testing the key support level at 81,000 to see how much selling pressure it can withstand.
To put it simply, the more times a support level is tested, the less it can hold. And each rebound is weaker than the last, with 81,500 now directly becoming a short-term resistance level. The market clearly shows a pattern of higher highs decreasing and support levels repeatedly weakening, with no signs of a bottom or a rally.
Currently, the market is primarily bearish, continuing to short at high levels and waiting for a pullback, then observing whether the support breaks to decide whether to reverse and go long.
Bitcoin
Enter around 81,800-82,500
Target 80,500-79,500
If the decline stalls or can't go lower, then reverse and go long.