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2026.5.23 Current price: around 75,500
4-hour trend (short)
Yesterday's suggested levels: "Short area: 77,600 - 78,600, take-profit area: around 75,600" has already hit take-profit precisely (you can refer to yesterday's article)
Currently, the price is around 75,500, in a recovery after breaking down. The current resistance level is about 76,100. I think it will continue to fall, possibly down to around 74,800 to see if it can stop falling. (All levels can only be determined after observing the market movement; so far, the probability of an upward move is low, and it should continue to decline.)
In summary, the current trend is bearish; only follow the trend to short, there's no need to go long against the trend and risk a rebound, which will be very painful.
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Daily major trend (bearish)
Until the daily price breaks above 90,400, do not speak of a bull market (breakout points will adjust with the market)
· Bull market conditions: daily close above 90,400 + trading volume continuously increasing
· Current state: bearish structure remains, treat rebounds cautiously
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✅ Today's strategy
For those holding short positions, you can continue to hold. For those without shorts, you can enter at the current price; a safer option is to buy some BTC5S and hold. Our style is cautious, and high leverage to chase shorts is not recommended!