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On the night of May 8, 2026, at 11:10 AM, the market plundered 108,485 heads, $341 million was looted, and the bulls still dominated!
For two consecutive days, the market mainly plundered the bulls, and the two biggest groups of people during these days are: one group is short sellers who were precisely stopped out at 81,500+; another group is those who chased longs at high levels above 81,500;
The market itself is never wrong; only our operations can be wrong!
Last night, the small long position in ETH was still held, and it’s worth holding into tonight. Add to your position without rushing, you can place your orders as you did yesterday. Tonight is the last trading day of the week, whether to add positions in real-time depends on volatility. Don’t operate recklessly. Also, those chasing longs at high levels with all-in bets should reflect carefully. You’ve already lost countless times with such operations. Why do you keep doing this all-in chasing rally and decline?
BTC
Support 78,425 / 75,475
Resistance tentatively at 85,168 / 87,548
Today’s first support level offers an opportunity; it’s definitely a good chance to open a first position!
ETH
Support 2,225
Resistance tentatively at 2,525 / 2,749
Today’s daytime pullback was quite in line with the recent explosive rally to force more longs. Now, it depends on whether you have the courage to aim for a 1-2% gain. There are two main strategies: one is to cut losses if a key level breaks and cannot recover; the other is to reduce positions after a break and wait for the next support level to recover. Be patient and wait for the subsequent rebound! Adjust according to your risk tolerance!
Operation suggestions do not constitute any investment basis: always remember, you can never operate the highest or lowest points; when the market gives an opportunity, get in! Profits don’t come from a single operation but from your daily accumulation, from your gains offsetting losses, ultimately leading to steady asset appreciation!
#Gate广场五月交易分享 $BTC $ETH
But this doesn't mean all AI assets are cheap now, nor does it mean all related companies can sustain profits in the long term.
The biggest risk in investing isn't missing out on a concept.
It's buying the future as a certainty when the concept is hottest, the narrative is fullest, and prices are highest.
So every cycle definitely has a large number of people chasing the high.
Because most people didn't buy in when the trend first appeared.
They only start to believe after the trend has been proven, the story has been fully told, prices have already risen significantly, and people around them are beginning to make money...