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May 18 Evening Bitcoin Outlook: Weakness Continues! Shorting is only waiting for a rebound, not chasing shorts
The overall intra-day trend remains weak, after a series of sharp declines, the rebound strength is weak and powerless, currently the price is hovering around 77,000.
The overall trend is likely to continue downward, but in terms of operation, stick to the trend-following approach, do not rush to short, and wait for a rebound before entering the market.
The recent decline has already exceeded the limit, a technical rebound is inevitable, wait for the rebound to around 78,800 before setting up short positions, with a target near 76,000;