5.11-5.15 Weekly Summary

This week is coming to an end, and as usual, I will give everyone a summary of the market trend and the current situation. Let's talk about the market first, taking Bitcoin's 4-hour chart as an example, it is clearly visible that the overall trend is moving in a pattern of rising sharply, then lacking the strength to continue, gradually retracing. Regarding the 82,000 breakout point, although there were multiple attempts to push higher during the pullback, the trading volume did not significantly increase, which led to subsequent resistance from the bears. The turning point occurred on Friday evening after the US stock market opened lower, with bullish sentiment rising, coupled with the deadlock in the US-Iran situation, creating a delicate atmosphere. Under these multiple influences, Bitcoin broke below the 80,000 level, and even during Saturday's market closure, it fell below 78,000, hitting a recent low of 77,601.

Next is the general situation of the current market, actually I already warned everyone on Monday that after the price stagnated above 82,000, if the trading volume couldn't pick up, the subsequent trend would mainly be a retest. This week’s market was also dominated by bears, with the only bullish signal being the short-term rebound when the price broke below 80,000 on Friday. This naturally made me think deeply—bullish sentiment clearly increased, and the short-term bullish positions should have been exited earlier. This also reflects the importance of following the trend and not holding onto positions blindly, so future market actions need to be more flexible and decisive. There has never been a perfect strategy, nor can we achieve a 100% success rate. Every review I do with everyone still has room for improvement. Since the partners trust me, I must also take the responsibility that comes with it. #Gate广场五月交易分享