Current real-time BTC price: $79,761 — once again breaking below the 80k mark.

Where’s the promised quick recovery? How come waking up today, we’re back on the defensive?

On the surface, it’s data that’s scaring the market to collapse.
Last night’s US April PPI release was too high, exceeding expectations directly. Inflation is stuck here.
— How can the Fed cut rates now?
— No rate cuts, and risk assets will “die” first to show you.
Bitcoin’s recent dive, along with tech stocks in the US market, is straightforward: if water isn’t released, the boat gets stranded.

But is the reality really that bad?
Don’t rush to curse. On-chain data shows someone is “quietly” working.
Although the price looks ugly, spot ETF yesterday actually reversed two days of net selling, starting to accumulate again (though only $27 million, but attitude matters).
These institutions haven’t run away. They’re just waiting for cheaper chips.

Logical progression: Why is the current market so tangled?

1. Liquidity: Clearing leverage makes the foundation healthier.
CoinGlass’s liquidation map is very clear: prices hover around 80k, with “mines” on both sides.

· Looking down: $79,800 - $80,500 is packed with leveraged longs chasing the rally.
· Looking up: Above $82,000, a bunch of short-sellers are waiting to be blown out.
Conclusion: This is a “stop-loss hunting” market. Without clearing leverage on both sides, the big players won’t push the market up.

2. Macro environment: The Damocles sword hanging overhead.
Don’t just focus on inflation; the biggest variable now is the review of the “CLARITY Act.”
If it passes tonight, it’s a huge positive for compliance; if delayed, it’s a full-blown negative.

3. Sentiment: Has greed turned into fear?
Not yet at extreme fear. This means the bottom-fishing army hasn’t fully entered, and we might have lower levels to buy in.

Risk reminder: Is there a short-term dip?
Technical signals are weakening. The 4-hour chart is testing the $79,000 critical support.
**Where’s the bottom?**
**$77,500 - $78,000.** If it doesn’t hold here, it’s recommended to close the software, go date, make money, and stop watching.
As long as it holds, this pullback is a golden opportunity to buy cheap and make money.

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Specific trading ideas (here comes the practical tips):

Since both sides are “mines,” don’t bet on the direction now. The highest cost-effective strategy is “playing it smart”:

1. Long position (conservative):
· Entry: Rebound to $78,500 - $79,000 zone (watch the 15-minute chart, enter if a long lower shadow appears).
· Stop-loss: Set at $77,700 (leave some room for the big players to insert pins).
· Position: Buy 10% of your spot holdings, keep futures within 5% of total position.
· Target: Look for a rebound to $80,500, then break through to $81,500.

2. Short position (aggressive):
· Entry: If the rebound hits $80,800 - $81,200 and can’t go higher, lightly top out.
· Stop-loss: $81,600.
· Logic: Betting that before tonight’s bill results, the big players won’t push the short position to explode.

【Ending interaction】

At the current $79,761, are you choosing to “follow institutions to buy in gradually on the left side,” or “wait for the bill to land and then chase on the right side”?

Comment your entry point, let’s get through this “garbage time” together! #Gate广场五月交易分享 $BTC

BTC2.45%

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