Reviewing the intraday market movement again, Bitcoin initially rebounded to around 82,000 points in the morning but faced resistance, with the price gradually drifting downward. In the evening, after the CPI news was released, it retreated back to the 80k level to halt the decline. Ethereum moved in sync with Bitcoin, initially rebounding to around 2,344 points and facing resistance, then retracing to around 2,255 points in the evening. After providing a bullish outlook during the day, the strategy was to add positions and protect capital before exiting. Unexpectedly, the market sentiment was quite weak, with the white session oscillating and drifting all day. After digesting the news, there was no significant rebound, and the price remains testing lower levels.

Currently, on the four-hour chart, after the bulls failed to push higher, the price fell from the upper band to the lower band, forming a series of consecutive downward candles. The rebound momentum is gradually fading, and the market has already shown a weak structure due to the oscillation. The key resistance is in the 808-812 range, which is also the intraday high-pressure zone. As long as this level is not broken, a reversal signal remains uncertain. On the hourly chart, the evening dip has already broken below the lower Bollinger Band, with a full-bodied candle closing, further confirming the continuation of the weakness. Therefore, the trading approach remains unchanged—look for short opportunities on rebounds, paying attention to overall short-term conditions.

Bitcoin can be shorted at 80,500-81,000 during midnight, targeting around 79,000. Ethereum can be shorted at 2,280-2,300, targeting around 2,240. #Gate广场五月交易分享