May 7th, Thursday evening Bitcoin market outlook sharing

Today’s market overall hovered between 80,800 and 81,700 with narrow fluctuations, market liquidity was weak, seeming to accumulate at lows, with bulls deliberately supporting the price, but in fact facing heavy resistance above, making rebounds weak.

Many people say that as long as 80k is not broken, it’s only long and not short; my outlook is completely opposite, firmly bearish, only short and not long, not blindly following the crowd!
In the morning, the range was repeatedly shaken out, obvious trap for longs, seeming to hold the 80k support level, but in reality just weak sideways consolidation to lure longs to buy in. The evening market still maintained a pressure pattern, and rebounds are opportunities to short.

Trading idea: During rebounds to the 82,000–82,500 range, gradually establish short positions, the downward pressure trend is already set, with targets below 81,000–80,500, and if broken, continue to look for retest space! Recently, news is chaotic and lacks pattern, mainly focus on shorting high, take profits quickly, strict risk control! #Gate广场五月交易分享 #BTC回调