Dear investment friends, good afternoon everyone!

The current market has already retraced to the key long-entry level we planned for this afternoon. First, in terms of the price-action structure, the overall major trend still remains bullish and biased strongly to the upside. This pullback is simply a normal retracement and correction during an ongoing advance—it is not a reversal and breakdown into weakness. Second, the key support zone below has been probed multiple times without any effective breakdown. The selling pressure from the bears has gradually run out of momentum, and the downside room for further decline is basically closed.

Short-term indicators have also shown signals of stabilization and a turning point. On the hourly timeframe, there is a need for a stop-and-rebound recovery. The pullback is precisely the opportunity for us to low-buy and go long. Judging from the overall market structure, the strength of support, and the confluence of indicators, my personal suggestion is to enter long positions directly following the trend. Build your defense around the support zone below, look for the rebound to continue and extend higher, manage position sizing reasonably, and set your stop-loss and take-profit accordingly.

Bitcoin (personal suggestion): go long in the 80700-80900 range. Short-term target to watch: 81400. Swing target: 82000.

Ethereum (personal suggestion): go long in the 2310-2330 range. Short-term target to watch: 2350. Swing target: 2400.

$BTC #Gate广场五月交易分享