This wave of sharp decline cannot be stopped, the recent sharp drop was intense, Bitcoin's lowest has already reached 78,600, directly breaking through the previous key support zone, the 1-hour Bollinger Bands are opening downward, and the price is accelerating along the lower band, with support levels at 80,500 and 80,000 all broken through. The short-term bearish trend has been established, and previously we focused on the 80,000 level; if it breaks, follow the trend and go short.

Ethereum is even weaker, dropping directly to 2,208, the previous low of 2,233 was broken, and it can’t hold anymore. The lower Bollinger Band has been significantly broken, and the pattern of falling without rising again has reappeared, indicating strong market capital fleeing, and bulls are completely powerless to resist.

Short-term trading suggestions:
For those not yet in the market, don’t rush to buy the dip; wait for stabilization. If it rebounds to around 79,500-79,800 and cannot hold, consider lightly shorting with a stop loss above 80,200, targeting 78,500-78,000.
For those holding long positions: reduce or exit on rebounds, don’t hold through it.
For those wanting to go long: wait until around 78,000 or a volume-increasing bullish candle recovers to 79,500 before acting. Don’t buy the falling knives now. #Gate广场五月交易分享 $BTC ‌$ETH ‌