Good afternoon, everyone!

Just finished monitoring the market, I want to share the core thoughts for Bitcoin at noon on May 8th, no ambiguous language, just a clear direction.
After spiking to 81,700 yesterday, the market has been falling all the way back, breaking below the 80,000 level. I saw many comments in the chat, some are panicking, some are bottom-fishing halfway up the mountain, some are holding on until their mentality collapses. I can really understand this feeling.
Actually, the market isn't that complicated. It's just a short-term correction; the medium-term trend isn't broken, it's just that many people haven't caught the rhythm properly, either chasing highs or bottom-fishing too early, which leads to getting hit from both sides.

Today at noon, I give you two core trading directions, following them can help you avoid pitfalls:
First, mainly short on rebounds, in the 80,300-80,800 range. When the rebound is in place, you can enter in batches, set good stop-losses, and target first 79,000, then 78,000;
Second, only go long at strong support levels, at 79,000 and 78,000. Do not enter prematurely if the levels are not hit, and avoid blindly bottom-fishing. #Gate广场五月交易分享 $BTC $ETH