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82,000, unable to break through twice, I wait for the rebound to go empty.
Yesterday's low was 78,700, today it bounced to 81,400, a rally of 2,700 points. Many are shouting "Reversal, push!" I just want to ask: at the 82,048 level, it didn't pass twice, and the short orders are stacked there. What is this called? Parallel top. Bulls get pushed back every time they reach this level, and the momentum clearly can't keep up.
Looking at the macro. Waller officially takes office as Federal Reserve Chair, the most hawkish hawk. He inherits a situation with April's CPI at 3.8% and core at 2.8%, the most difficult scenario since 1979. Rate cuts? Don't think about it in the short term. Liquidity can't be pulled back, what can BTC use to push?
On-chain funding rates are still negative, shorts are paying. But even so, the bulls can't push it—this is a clear sign of exhausted momentum.
My plan: short at 81,900-82,000.
Is the bear market still here? No need to rush to conclusions, but shorting at this level is better than chasing highs and sleeping soundly.
What do you think? See you in the comments. #Gate广场五月交易分享 #Polymarket每日热点 $BTC