Morning Analysis


The new week begins. On Monday morning, Bitcoin (the “big pancake”) directly surged strongly, quickly rising to around 82,800, then suddenly saw a strong rally—pushing higher. The risk of chasing longs at high levels has greatly increased.

On the four-hour timeframe, a standard V-shaped reversal has formed. Technical indicators show bullish resonance and strength, but the market has already entered a high-level overbought range. Bullish momentum is gradually exhausting, and a short-term technical pullback and correction could happen at any time.

Do not blindly chase longs at high levels. The morning plan is to look for a pullback from the high area; after the price retraces and stabilizes, then follow through to enter longs.

Trading Strategy:
Place short positions around 82,800-83,200 on Bitcoin, targeting around 80,800-81,200.
Place short positions around 2,400-2,430 on Ethereum, targeting around 2,300-2,330$BTC $ETH #Gate广场五月交易分享
BTC-0.04%
ETH0.11%
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