In the first half of the day to midday, the market is still consolidating and being treated as a range-bound situation, and Bitcoin is pulling back twice during the day, then getting blocked around the 80,700 line and rebounding. It has now recovered again back to the opening point of the morning session, and it is also running near the top of the upward channel. As for Ethereum, it is still following the drop without following the rise; overall, it retraced to around 2,310, met resistance, and rebounded. It has now recovered again to around 2,340. The early morning live stream also precisely mentioned the key range; it is still operating within the consolidation and ranging area. Before it breaks out, it is still worth considering following with short positions. The early plan to go short also paid off smoothly—Bitcoin captured about 700 points of space, and Ethereum captured about 35 points of space.

From the current market, after three consecutive bullish days and a high after the run-up, today is a critical point for a bulls-and-bears decision. After consolidation, the market is showing a bullish expansion and pushing higher—whether it will turn and retrace, and then, after giving the market a further break, whether the move will continue. Currently, indicators are still in a relatively overbought zone, and there are signs of turning downward. However, at the moment the retracement has not brought in enough expansion to drive a push in the market further; for now, bulls still hold the upper hand. Looking at the four-hour chart: the candlesticks retraced to the 80,600 line and bounced off support. It is now surging upward in the form of a big bullish candle. There is momentum to break through the top of the larger time-frame upward channel. Going forward, the key focus is still whether it can further hold its ground; afterward, there is also momentum to test new highs. In terms of indicators, the KDJ’s three lines are still turning upward; later there is the possibility of a golden cross. If it can further hold the long side, there will also be momentum with increasing volume. In terms of execution, the focus is still on the 4-hour close—whether this bullish candle can further break through; only then consider placing long orders. My personal suggestion for trading is to consider taking a light short position as part of the layout.

On the Bitcoin 4-hour chart, as long as it holds above the 81,600 line, then look for the continuation of the bulls, with attention on above 83,000. If it cannot further probe upward with volume expansion, then overall, it will continue consolidating, and will still fall back into the 80,600–81,600 range to consolidate. Wait for the bottom to further break through, and use that to drive the daily structure, forming a dead cross with volume. For Ethereum, reference a short from 2,440–2,450, looking at around 2,300. #Gate广场五月交易分享 $BTC $ETH