Bitcoin daily chart currently shows three consecutive bearish candles indicating a correction.


Although the short-term market is dominated by a bearish trend, the overall momentum suggests that the price remains stable within the triangle range.
The current consecutive bearish corrections are still normal adjustments for price consolidation and upward recovery.
The market has not shown clear reversal signals; after the correction and recovery, the trend is still expected to continue upward.
On the four-hour chart, the price has dropped rapidly through three consecutive bearish candles below the lower band, forming a short-term oversold trend.
While the bearish momentum is gradually strengthening, the overall price action shows that the previous low point during the rally and pullback still remains a strong support level for buyers.
Therefore, after a significant retracement, the price is likely to see a rebound demand increase.
In the current situation, our trading approach remains focused on expecting a bottoming out and subsequent rebound correction.
Short-term trading ideas during midnight and early morning are still mainly short-term longs.
Bitcoin is long around 79,500-79,000, with attention on 81,000.
Ethereum is long around 2,250-2,230, with attention on 2,300.
#Gate广场五月交易分享
SOL-3.41%
ETH-0.66%
BTC-1.09%
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