In the early hours of the morning, Bitcoin started to decline from 69,500. Ethereum was not spared and fell all the way from 3,825. I remember Dapeng mentioned before that if the 70,000 mark was not broken, the market atmosphere would be biased towards the short side.
After a short rebound before midnight, the market returned to the downward track again. Every rebound became a good opportunity to chase the short side, and the short side was particularly strong. Especially those trends after a short rebound of several hundred points, almost without exception, fell into the quagmire of continuous decline.
Today, the price of Bitcoin is steadily maintained below 70,000, and the short side obviously has the upper hand. This is an undeniable fact. I always stick to a point of view, that is, before the 70,000 mark is actually broken, I will choose to chase the short side without hesitation. Those weak bullish forces will eventually only become the fuel for the fierce outbreak of the short side.
Bitcoin is shorting around 68800 to 69500, with a downward trend of 67000; Ethereum is shorting around 3775 to 3810, with a downward trend of 3680.#BTC走势分析 #5月市场关键事件 $ETH $BTC