Last night’s overall market showed fluctuations and presented short-term trading opportunities. Exercise caution and place long positions around 76,200, aiming for an upside of 1,000 points. This afternoon, the market moved as expected, successfully breaking through the key level of 77,300. The market action fully matched our expectations—we also accurately captured the timing and exited to take profit as planned, steadily securing the 1,000-point upside. In a range-bound market, precisely seize short-term reversal opportunities without blindly following the crowd; the timing and rhythm were well controlled, allowing us to ride the benefits of this rally.

From the 4-hour chart, since the price pulled back from the high of 78,564, the overall downtrend has not fundamentally changed. The current bullish candlestick is only a short-term rebound correction within the selloff. Multiple layers of pressure still sit above and have not effectively broken the earlier structure in which bears dominated, so the rebound strength is limited. Therefore, for now, we continue to maintain a bearish outlook.

5.20 (Wednesday) afternoon trading strategy for the BTC: short near 77,300–77,800, targeting 76,000. Trading strategy for the ETH: short near 2,130–2,150, targeting 2,100.