Reviewing the intraday market again, Bitcoin, in the morning, showed a weak downward trend. The price continued to creep lower against the lower band, then in the afternoon it probed higher before falling back again, repeating consecutive red candles and moving lower. In the evening, influenced by the U.S. stock market, the price took a Waterloo-style fall and broke through the integer-level threshold. It is currently forming a consolidation structure around 80,000. Ethereum is moving in sync with this: after the bulls failed to push higher in the morning, it again broke down in the evening to the 2,300 level. The plan to keep a high-level shorting mindset throughout the day perfectly matched—never acting like a latecomer; the ideas were all disclosed ahead of time. Intraday, the Bitcoin “two shorts” captured 1,500 points of space, and the Ethereum “two shorts” captured 60 points of space. The pace is still great and easy to control. Don’t lose direction with the tide—Luodai is the one who’s real.

From the current overall structure, in terms of the four-hour setup, Bitcoin’s price has dropped from the upper band to the lower band. The price has shifted from a strong zone into a weak zone, and the Bollinger Bands have begun to contract while volume increases. If, in the short term, the price does not rebound and hold above the middle band, the downtrend may continue. On the hourly chart, the “head” is lining up and moving downward in parallel, forming what looks like a waterfall. In terms of the current formation, it has already given back all of the earlier gains. Support at 79,000 is also an important short-term turning point. If it breaks, the price may continue to probe 76,000. Conversely, if it holds, a rebound may be able to open up upside space again. For execution, it is recommended to focus on buying low as the primary approach, with selling high as a supplement—stay flexible and handle the range.

Bitcoin can be long around 79,500–79,000 in the early hours, with a target near 81,000. Ethereum can be long around 2,270–2,250, with a target near 2,350. #Gate广场五月交易分享