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#Gate广场五月交易分享 #Gate广场五月交易分享 Bitcoin Trading Strategy
Bitcoin quickly pulled back after reaching around 82,800, forming a clear downward trend. The current price is around 80,270, in a weak oscillation correction phase after a high-level pullback. The first resistance level above is near 80,800, which is also the middle band of the 4-hour Bollinger Bands. If it cannot break through effectively, the market is likely to face resistance and pull back again. Another point to watch is the support around 79,600. If it can stabilize at this level, a rebound correction may begin. If the support is broken, the downtrend will extend, with a target in the 78,400 to 78,000 range.
Recommendation: Short positions around 80,250-80,750, with targets near 79,500-79,600. If broken, look for a decline to 78,400-78,200. If not broken, reverse to long.
The market changes rapidly; strategies are for reference only. Use stop-loss and take-profit orders properly.