$BTC ‌#Gate广场五月交易分享

Currently on the 1-hour timeframe for BTC, after spiking to 82,464, it started to pull back. Now the price is retracing around 80,690, overall in a high-level oscillation and correction phase.

In the short term, several moving averages have already turned flat, and the short-term upward momentum has slowed down. The bulls and bears are now showing very clear divergence.

Looking upward, the previous high around 82,460 is a strong resistance. To resume an upward trend, a volume breakout above this level is necessary, which would then open space for new highs.

Looking downward, the previous low at 79,118 is a key support. If this level cannot hold, the correction space will further expand.

At this position, trading with 20x leverage on contracts is very risky:

• Chasing the high carries too much uncertainty and is very likely to buy near the middle of a pullback

• Going short directly also risks being caught in a sudden rally, leading to passive losses

From a neutral perspective:
There’s no need to rush into blindly opening positions now; wait for the market to establish a clear range.
If it stabilizes above 81,100, the bullish trend will return, and we can look for more upside;
If it effectively breaks below 80,000 and confirms a pullback, then we can look for a downward correction.

Regardless of bullish or bearish, high leverage must be used with strict stop-losses. Keeping a small position size is always the top priority. The market is never short of opportunities; preserving capital is necessary to qualify for future battles.

Do you want me to help you set specific reference points for entry, stop-loss, and take-profit?