May 17 $BTC Comprehensive Market Analysis News: U.S. inflation data (PPI/CPI) higher than expected, pushing up U.S. bond yields, putting pressure on risk assets. The stock market (such as the S&P 500) declined, combined with other factors, causing BTC to fall below $80,000 around May 15, triggering a large number of long liquidations (about $581 million, BTC dominant). The CLARITY Act advancing in the Senate is a positive development, but it did not immediately boost prices. The strategy plans to buy back debt, possibly financed by selling BTC, increasing potential supply pressure. The Fear & Greed Index is in the Fear zone, indicating short-term risk appetite is low, but the long-term institutional trend remains unchanged. Capital: Last week, the U.S. spot Bitcoin ETF saw net outflows of about $1 billion (around 14,000 BTC), ending six consecutive weeks of inflows, marking the largest weekly outflow in months. Led by BlackRock IBIT and others, with about $290 million outflow on Friday alone. This directly dragged down prices, reflecting short-term profit-taking or risk aversion by institutions. On-chain data shows exchange balances continue to decline (long-term positive for supply contraction), with whales accumulating at low levels, with realized profits turning positive. Retail participation remains neutral, with institutions still the main drivers. Perpetual contract funding rates are low, possibly creating conditions for long squeeze. Technical: As mentioned yesterday, the downward trend still persists. Currently, the focus is on repairing the levels below the daily chart. The high-level short positions on the daily chart are not yet fixed. Below the four-hour level, the trend is downward with weak rebounds. Today, the main movements are consolidation and downward correction. There may be a short-term rebound on the 15-minute chart, but with limited strength. Next, watch the support at 77,200. Support: 77,200-76,500 Resistance: 78,600-79,300

Bitcoin started accelerating its decline from Friday evening, and the news impact remains relatively strong. Bitcoin dropped from the 81,200 area directly back down to below today’s 78,000. Since Friday evening, it has turned around and started shorting—first shorting from 80,400 to the 79,000 area to capture more than 1,000 points. Later in the evening, the whole network publicly posted two more warnings to short around 79,400, gaining more than 1,000 points each time. Today, we even advised everyone to short at any point; as of now, they are basically in floating profit. This is exactly the importance of acting in line with the trend in a one-way market. Price levels are basically not important—if you’re bold enough to do it, the problem is generally not big. From the current technical structure, after a long period of back-and-forth consolidation under pressure, the market has moved into a weak downward direction. With the daily chart shaking and moving lower, the short-term chart structure has turned weak. It is now further continuing this corrective wave, and after the consolidation there are weak signs on the short-term. With the 4-hour chart in alignment with long-term sideways consolidation, today it once again broke the low to move downward. The dual moving averages form a dead cross pointing downward, creating suppression. The short-term bears are weakening, forming a relatively weak one-way trend. Continue to follow the shorts tonight. On Saturday night, my personal advice is: if you have shorts, continue holding them; if you are flat, keep an eye on the 78,200–78,700 area to continue shorting, and the target is just around the 76,500 area. #Gate广场五月交易分享

Saturday, Bitcoin once again sharply declined, directly falling below 78,000. This market was already clearly emphasized last night—it's about shorting. The entry point we provided was close to the current price. Last night, we suggested shorting at 79,400. As expected, there was a rebound at 79,400 in the early morning. During the session, at this level, we directly advised students to short. We updated our strategy again, urging everyone to continue shorting. After a full night's sleep, it suddenly plummeted. Originally, the plan was to exit at 78,500, but the market clearly accelerated its breakdown. We directly advised students to hold their positions. Just now, after breaking below 78,000, all positions were closed for profit. Actually, since last night, we started shorting again, and in the evening, we suggested shorting at the current price. The thinking was already very clear—don't go all-in on longs, and don't be stubborn on shorts either. Instead, adjust according to market changes. From a technical perspective, the overall market is in a rapid reversal after profit-taking at high levels, with daily and weekly candles closing lower. Over the weekend, I expect further weak adjustments. The 4-hour chart shows a one-sided weak decline, with increasing volume during the acceleration. The short positions we reversed into yesterday and the openly suggested shorts last night, have gained profit as the market continues its one-way drop. Currently, the 4-hour chart shows a relatively weak trend, with a short-term weak, one-sided downward movement. After consolidating and gathering strength, the short-term remains to be a rebound followed by shorting, and over the weekend, continue to look for breakdowns to lower levels. For Saturday's short-term, I personally suggest being more aggressive—short at any point. For those waiting for specific levels, consider shorting around 78,500-79,000. Target near 77,000. #Gate广场五月交易分享