The early morning market also did not experience significant fluctuations. After the price retraced below 80k in the evening, it quickly stabilized and rebounded, indicating that the support below is still solid. Ethereum followed suit; after retracing to around 2255 and stopping, there are also clear signs of bullish recovery.

From the current market perspective, on the four-hour chart, after a series of downward candles, a single bullish candle stabilized and recovered, and the price did not trigger a reversal. This is clearly a sign of a downtrend continuation. The overall trend has already tilted toward weakness. On the hourly chart, after breaking below the lower Bollinger Band, the price quickly rebounded in a V-shape. In the short term, the market remains quite volatile. Watch whether the 808-812 range can hold; only if it stabilizes there might it move toward 84,000. Otherwise, the current trend remains dominated by the prevailing market conditions.

In the early morning, Bitcoin can be shorted at 81,000-81,500 with a target around 79,000. Ethereum can be shorted at 2,300-2,330 with a target around 2,250. #Gate广场五月交易分享