Family, I’m emotionally overwhelmed! This market situation is really making me get up in the middle of the night to drink some cold water just to calm down...

Just finished checking the latest charts, BTC is still bouncing around the 78,000 level repeatedly. Honestly, the current market feels like a jerk—giving you hope (a 200-point rally), then turning around with cold violence (sideways for two hours).

Lulu is here to highlight the key points (all valuable insights):

Bitcoin: The current situation is quite awkward. It just wiped out $550 million in long positions, and the shorts are feeling proud now. But I took a look at the depth chart, and there’s a “golden wall” guarding around 77,000. As long as this wave doesn’t break below it, we’re still friends, with a rebound around 79,600.

Ethereum: Sigh, talking about Ethereum breaks my heart. The exchange rate has dropped to 0.0278, which is no longer “following the dip without rising,” it’s playing “free fall”! If it doesn’t recover back above 2,260 in the short term, I advise everyone not to rush into throwing knives, and keep your USDT warm in your hands.

Here’s a summary of the current “tricky moves”:
The macro environment (yes, that annoying PPI data) isn’t very friendly right now, everyone’s waiting for the wind to come. If you’re itching to jump in now, I’ll give you six words: small positions, stop-loss, don’t be reckless!
Don’t pay attention to those bloggers shouting “10,000x coins” all day; we need to survive longer to make money. The current strategy is: watch Bitcoin play, wait in the trenches for Ethereum, keep USDT in hand, and stay calm. #Gate广场五月交易分享 $BTC $ETH

What are you all thinking now? Do you believe a “dead cat bounce” is coming, or are you preparing for a deeper correction? Drop your thoughts in the comments and let’s see who’s the real “contrarian indicator”! 👇