#Gate广场五月交易分享 Bitcoin rebound to new highs then sharply retraced, is this the top of the upward trend?

Bitcoin broke through a new high of 82,800 and retraced 2,000 points, is this the top of the upward trend?
The ongoing US-Iran dispute that has been discussed repeatedly is still dragging on without resolution. Federal Reserve officials' statements: escalation of the conflict has led to pressure on oil prices and supply chains, inflation risks are rising, and interest rates will remain high, not ruling out the possibility of another rate hike.
PCE inflation expectations data show that March inflation rose to 3.5%, core PCE rose to 3.2%. Despite this, on Wednesday, US stocks closed strangely at new highs, while Bitcoin funding rates showed negative values, a typical short squeeze!
BTC is currently in a clear short-term downtrend on small timeframes, the four-hour MACD shows shrinking momentum forming a death cross, DIF is turning downward, watch for support at 8060 during the day. If it breaks thoroughly, the four-hour bullish pattern will break down, so conservative traders should wait around 7800, mainly aiming for rebounds to sell high during the day.
Short positions around 8170-8220, with support at 8300, targets at 8060-7980, and a break below to look at 7810.
ETH short positions around 2348-2365, with support at 2406, targets at 2310, and a break below to look at 2260-2218.