5.7 Bitcoin Market Review Summary Today's core idea: The public strategy provided today was fully online, and whether it was key levels or trading strategies, it perfectly predicted the entire day's market trend, with the market completely following the predicted rhythm. The four waves of market rhythm throughout the day were well controlled: decisively shorting at resistance when reaching the pressure level, re-entering long after retesting support, taking profits at the target level and then re-entering short at high points, and finally breaking through the level to follow the trend and short again, with each step connecting perfectly. Market fluctuations and turbulence are even more tests of mentality; steady progress is the long-term way. Don't be greedy, don't cling to battles, steadily handle each wave of market movement, not seeking instant wealth but aiming for long-term steady progress. Only by staying steady can you go far.

Bitcoin's initial appearance has already emerged. Based on past cycle experience, the characteristic of the early stage of a bull market is rising prices, but retail investors do not believe the market is turning around. Of course, most traders will not unanimously see the market as bullish, because market sentiment usually still lingers in the previous downturn. This is also the tricky part of a bull market. Market prices always start to recover before people's memories do; when people begin to adapt to the rise and get excited, the market has already left the early stage of the bull and entered the frenzy zone. BTC has been continuously repairing its cost basis over the past month, absorbing massive sell orders, and squeezing out shorts, while institutions are also re-establishing risk appetite, leading to large ETF inflows in the first few days of May. The US spot BTC ETF saw - Net inflow of $629.8 million on May 1 - Net inflow of $532.3 million on May 4 - Net inflow of $467.3 million on May 5 - Still net inflow of $46.2 million on May 6 In fact, there isn't much difference between BTC and trading coins like RAVE; early upward movements rely on shorts as fuel, gradually climbing higher. After BTC rises, funding rates still tend to be mostly negative, and during the rise, the market still retains a large number of short or hedging positions. When retail investors collectively go long and push prices higher, it has already entered the bull phase of breaking new highs. At least for now, I believe it is gradually possible to build positions; the probability of falling below $60,000 again is already low. #Gate广场五月交易分享 #BTC回调

The waterfall that the Air Force regretfully missed, I watched it for you! In the end, the buying pressure couldn't hold, and the Air Force found a way to survive in desperation. The bullish rally that lasted for so many days has already peaked on the weekly chart. Unable to withstand the heavy short positions around the 80,000 level, they forcibly drained some of the short liquidity before starting to pull back! Day trading strategy: short at the mountain top resistance, Bitcoin at 8170, Ethereum at 2346. The second dip successfully broke below the support level. Bitcoin currently has 2100 points of space, Ethereum 60 points. The downward channel has opened. In the short term, depending on the rebound strength, it’s time to take profits and reduce positions!