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#Gate广场五月交易分享 Bitcoin Market Today
Bitcoin dipped to 79,000 last week, and this morning both bulls and bears were wiped out again, pushing back to around 83,000.
The key focus for the future includes two main points:
1. A four-hour timeframe is forming a top pattern; as long as it does not break above the midline of 81,500, the overall outlook remains bearish. If it breaks above, there is a high probability of testing the 83,000 resistance again.
2. Keep a close watch on the 78,000–79,000 range, which serves as dual support from the upward trendline and the head and shoulders neckline. Price retracements to this zone may be considered for reducing short positions; if support is broken, the market could experience a deep decline.
Overall, whether Bitcoin rises or falls, the current phase requires a pullback. The major bear market is still ongoing, so all upward movements are opportunities to short!