The retracement strength is somewhat strong, but it does not affect the overall structural stretch. Currently, it is precisely the time to go long. This morning, I reminded everyone to enter long positions at 80700. Friends who have already followed the plan, there is currently about 300 points of room in the small trade. No rush to adjust, normally hold one position. During midday, the market saw a slight wick dip, with Bitcoin’s lowest retracement to 80266 before rebounding and rising again. The bottom support effect still exists. Ethereum also synchronized the dip to near yesterday’s low, with the lowest retracement to 2236.

Currently, the market is unfolding in a bottoming and rebounding pattern, with the short side’s retracement strength clearly weakened. On the four-hour level, after touching the mid band, the market quickly rebounded, and the mid band support effect has gained momentum. Combined with the current retracement and the double dominance at the 8-character level, short-term retracement is unlikely to have much impact. On the hourly level, support in this level area is very clear; even though the market slightly broke the mid band, clear support is re-established below, and the downward momentum is also activated. Therefore, in terms of trade setup, it is advisable to follow the trend and go long.

Bitcoin currently around 80300 long, target 82500
Ethereum currently around 2245 long, target 2330
#Gate广场五月交易分享 $BTC