$BTC $ETH Market conditions have experienced a period of slow oscillating upward movement before entering a sideways correction phase at high levels. This morning, Bitcoin faced resistance above 81.7k yuan, then quickly fell back below 81k yuan, with a low of around 80.6k yuan before a technical rebound occurred. Reflecting on yesterday’s analysis, we repeatedly emphasized the idea of “buying the dip to short,” and the strategy has proceeded smoothly as expected.

From the four-hour timeframe, after the price previously surged to around 81.7k yuan, a medium-sized bearish candle appeared for a pullback. Although there was a slight rebound now, the overall bullish momentum has clearly decreased in volume, and the KDJ indicator’s three lines have formed a death cross, indicating that further retracement and correction are still needed.

On the short-term hourly chart, the price has broken below the middle band with three consecutive bearish candles. Although a small rebound with some bullish candles followed, the overall rhythm remains bearish, and the current dominance is still with the bears. After the consolidation ends, the pullback trend is expected to continue, and the trading strategy remains to short on rebounds.

Trading suggestions:

Focus on entering short positions around 81,500 yuan for Bitcoin, with the first target at a break below 80,000 yuan;

Focus on entering short positions around 2,380 yuan for Ethereum, with the first target at a break below 2,350 yuan. #Gate广场五月交易分享