5.14 Thursday morning Bitcoin outlook: in the trend rhythm, keep shorting on rebounds

Yesterday, the bears extended their advantage. During the white session, after bottoming out at 798 support from the early hours, price then inched up slowly toward the 812 area. Of course, this also became the final high point for the bulls, as the market did not give the bulls any opportunity to react—after that it drifted lower and moved down, until it fell to around the 787 support area, then rebounded. At present, Bitcoin is hovering around the 794 zone.

As of now, the short-term momentum has weakened, and the previous 798 support has turned into short-term resistance. On the 4-hour chart, consecutive bearish bodies are expanding in volume, directly breaking through the lower band, while the Bollinger Bands have turned downward. Indicators across multiple timeframes are all showing a bearish shape. On the 1-hour chart, there is a waterfall-style drop and the shift to a short (bearish) trend is clear—so the idea is simply to follow the trend.

In the morning, watch the 798-800 resistance area. If this zone is not broken, go short directly, targeting 780-770.