Friday's Unexpected Bearish News! Stick to the trend and short on rebounds, avoid blindly bottom-fishing

Friday's market reversal window triggered a major move as expected! Early in the session, the US-Iran conflict reignited, market panic quickly spread, Bitcoin faced immediate pressure and plunged, and the 80,000 level was lost.

Although the market has not completely reversed into a bear trend, the upward momentum has fully collapsed, and the overall market is extremely weak. Every rebound is an excellent opportunity to short, and following the trend with shorts is the only correct strategy at the moment.

The daily chart rarely shows two consecutive down days, with the 82,800 level essentially locking in the current stage's high point. Whether a new high can be restarted depends entirely on whether the 78,000 support level can hold. In terms of trading, first take profits from the full retracement with the trend, then observe as the market moves: if support breaks, add to the position with a wave short; if support stabilizes, then consider bottom-fishing to play for a rebound to a new high.

Operational reference points:
Short Bitcoin in the 80,000-80,500 range during rebounds, targeting 78,000, and if support holds, switch to long again;
Short Ethereum in the 2,300-2,330 range during rebounds, targeting 2,220, and if support stabilizes, consider reversing to long for a rebound to a new high.

Remember, do not chase the highs or sell at the lows. Strictly control your positions and follow the trend to steadily grasp the market. #比特币跌破8万美元 #稳定币储备下降 #ArthurHayes看好山寨币 $BTC $ETH #Gate广场五月交易分享