May 6th Bitcoin (Big Pie) Strategy:


The May Day holiday has ended, and since this month, the overall market has been gradually warming up and moving upward. Bitcoin has been steadily rising, with the highest surge reaching around 81,700. Friends holding short positions may have endured some discomfort along the way, but every time the market spikes higher, it normally pulls back and consolidates. Short sellers are not always at a loss; as long as the entry timing and levels are well managed, you can still make a good profit.

From the market perspective, last night’s market repeatedly tested upward, although it briefly broke through short-term resistance, it didn't hold steadily. This kind of rebound strength is weak, and it cannot sustain a continuous big rally in a one-sided trend.

Now, do not chase the rally blindly. Today, wait for the market to pull back and adjust. After falling to the key support level and stabilizing, look for opportunities to go long at lower levels.
Bitcoin:
Gradually buy in batches around 81,300-81,700, with the first target at 80,000, then at 79,000.
If the decline loses momentum and stalls, then reverse and go long again.
$BTC
BTC1.42%
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