#Gate广场五月交易分享

Bitcoin's price movement yesterday showed a weak pattern of "rising sharply then falling back, breaking through negative signals": in the morning, it oscillated upward from $80,372, testing the high near $81,200 twice in the afternoon before facing resistance and falling back; in the evening, due to the negative impact of the U.S. April PPI far exceeding expectations, the market plunged straight down, touching a low of around $78,750, then entered a slight consolidation. As a result, Bitcoin broke through the critical psychological level of $80k, with the intraday low probing near $78,700—this level is not only an integer mark but also the upper boundary of a previously tested high-volume trading zone, making it a significant support level. The large bearish candle closed yesterday, indicating that the daily chart has completely lost this key defensive line, and the short-term bullish structure has been broken. Technically, the 4-hour chart shows a descending pattern with lower highs and accelerating lower lows, MACD has a bearish crossover diverging downward, RSI has entered oversold territory but has not yet shown divergence signals, indicating a lack of rebound strength. The price will face tests in the $77,500–$78,000 area, which is a support zone on the weekly chart; whether it can hold will determine the depth of this correction. Resistance above has shifted downward to the $79,500–$80,000 range, and a sustained rebound requires regaining this zone to ease downward pressure. In terms of trading strategy, cautious traders should wait for clear bottom candlestick signals in the $77,500–$78,000 zone before considering long positions; aggressive traders can attempt short positions with light positions around $79,500–$80,000, with strict stop-losses. Given the unchanged macro liquidity tightening expectations and the overall weak market sentiment, the short-term outlook remains bearish.