The current crypto market is at a critical decision point;

**On the bullish side:** The policy narrative centered on “national strategic reserves” is bringing unprecedented long-term optimism, driving some long-term capital and whales to position themselves at low levels. Secondly, the ongoing wavering in Middle East customer service is also helping!

**On the bearish side:** Stubborn inflation, the upcoming hawkish Federal Reserve meeting minutes, and record-breaking ETF outflows are creating real headwinds on both the macro and technical fronts. Secondly, the effects of the U.S. stock market topping out and the technical structure breaking down are continuing as well.

In the next few trading days, how hawkish or dovish the Federal Reserve meeting minutes turn out to be—and how good or bad Nvidia’s earnings are—will likely determine the market’s final long-versus-short direction.

Personally, I still maintain a bearish outlook. By the end of May, I’m more inclined to see a breakdown through the 70,000 level, followed by a pullback and a retest. I’ve already arranged short positions for today. Everyone, you can just keep holding steadily—wait for the rebound, then add on. Resistance to watch is the 785-793 area, and support is 760-753!

The “second biscuit” hasn’t moved much, and sentiment is very low. It’s suggested to follow the shorts mainly: resistance at 2155, support at 2065-2015!

Everyone, pick your side yourself. No more to say—six words: The bear king will never be a slave! #30年期美债收益率突破5% $BTC $ETH $SOL