Review of intraday market: Bitcoin faced resistance from the high point of 81,270 and retreated, reaching a low of 78,713. Currently, the market has bottomed out and rebounded to hover around 79,700. In our evening live broadcast, we reminded everyone to short in the 80,500-80,000 range. Near midnight, all our real trades were closed with profits. Ethereum also was openly suggested in the live room to short in the 2,280-2,290 range. In our real trades, all Ethereum short positions were fully closed with profits. We believe that friends who followed 'Jingquan' in the live room have gained something from this operation. The market shakeout never favors anyone; only those who can endure loneliness can hold onto the trend.

From the current overall market structure, short-term bearish sentiment remains strong, and a significant rebound to recover the trend has yet to occur. Meanwhile, resistance levels above keep moving downward, and highs continue to decline. Yesterday’s intraday and overnight dips further opened the downside space, with ample room for correction. From a short-term small cycle perspective, the market is expected to first fluctuate sideways, with further downward inertia. Currently, it is in a tug-of-war consolidation stage between bulls and bears. Operationally, Jingquan personally suggests maintaining a trend-following short strategy for the time being.

Thursday early morning strategy BTC: Short in the 80,000-80,500 range, target 78,000

Thursday early morning strategy ETH: Short in the 2,280-2,290 range, target 2,200

$BTC #Gate广场五月交易分享