Just looking at the whale address section in the chart, $BTC , there was a net inflow of 851 coins yesterday.

As the price continues to decline and adjusts steadily, the main capital still follows the old script of suppressing the price while picking up chips.
It's just that this scale is smaller.
A smaller scale means there is still room below, and the attitude towards acquiring chips is similar to boiling a frog in warm water.
Currently, the main capital may also be waiting for a clear signal from the news side, paying attention to whether the US-Iran situation will steadily move toward peace.
The market is still filled with many uncertainties, which also provides an opportunity for market shock and adjustment, to clean out floating chips.
On-chain data remains relatively calm, so what is most likely to happen in the short term next?

Let's review first.
Yesterday's bearish outlook was completely fine.
It provided a short position.
It also gave a downward target, which can be verified by checking yesterday's short essay.

Based on the current price action, my few opinions are:

1. The correction is still ongoing, with room below; I believe the range 【78300-78800】 is where it will reach.
It also contains opportunities for low buy-ins.
You can control it yourself.

2. With this round of decline, many folks have started to make top-out comments, thinking that the 82800 level is the top.
To this, I want to say, the market usually gives such people a good lesson.
Before the trend fully manifests, guessing the top or bottom is a behavior that disrespects the market makers.
In my view, there are no signs that the top has appeared.
Moreover, the US and Iran have not yet fully ceasefire.
Of course, there is also a possibility of resuming the fight, even more fierce, causing huge negative news.
But will the US and Iran develop like Russia-Ukraine?
I think the possibility is very small.
After all, the US alone cannot support everything; fundamentally, there is a difference between Russia-Ukraine and this situation.

3. I am not concerned whether the 82800 level is the top.
But if the price begins a visibly strong rebound, there is still a good chance for a high-altitude attempt.
The key resistance zone above is 【80700-81200】.
If it can rebound back here in the next two or three days, it falls within the high-altitude range.
But still set stop-losses properly, beware of the correction ending early, and launching another rally.

4. Currently, the market is still oscillating with a bearish bias.
There is a rebound demand, but not very strong, so the intraday short-term market is still bearish.

In summary, for reference only. #Gate广场五月交易分享