May 6th midday Silk Road and suggestions

You see, the high point marked by my white arrow is continuously rising, and the lows are also rising, which clearly indicates a bullish trend. When you see a pattern where both highs and lows are rising, what you need to do is buy on dips, not just think that because the price has risen high, you should short. Price is not the most important; structure and position are crucial. The bullish trend has not been broken, even if the current price is 100k, there is still room to go higher. Every time Bitcoin hits a new high, it pulls back to the red arrow below, and each time it precisely retraces to above the support level, then moves two candles to continue rallying. Is this a correction rhythm? Of course not. After Bitcoin created a high of 80,738, it retraced to support at 79,590, then continued rallying, breaking through resistance at 80,885 to reach a new high of 81,792. After reaching 87,192, it retraced again to support at 80,885, confirming support is valid and rebounding. No new high has appeared yet; as long as Bitcoin retraces without breaking 80,885, a new high is only a matter of time. Currently, the flag pattern and the resistance at 82,192 form a double resistance. Either it breaks through or it breaks through together. Once it breaks 82,192, it will aim for around 83,437. For Bitcoin to move into a correction, it must break below support at 80,885 to continue a correction, looking down to 79,590. Without breaking 80,885, it cannot correct even a little; without breaking 80,885, there’s no chance to short.

Bitcoin, with volume, broke through 81,405, and aggressive traders chase longs on the right side. If it breaks below 81,885 with volume and rebounds without recovery, chase shorts with proper stop-loss.
Bitcoin on the hourly chart broke and stabilized above 81,405, aiming for 82,192-83,437. If it cannot go above 81,405, it’s useless.
On the 4-hour chart, if it breaks below 80,816, look down to 79,788-78,761.
Upper resistance levels: 81,405-82,192-83,437
Lower support levels: 80,879-79,804-78,707

Yitai Silk Road
Volume breakout above 2,371, chase longs on the right side, stop-loss on the close.
Volume breakdown below 2,353, chase shorts on the right side, with stop-loss in place.

Retrace to 2,313 to confirm support is valid, add one position,
Break below 2,297 to stop-loss.
On the hourly chart, stabilize above 2,371, look up to 2,400-2,422.
Watch for 2,464 to add a short,
Break above 2,500 to stop-loss.
Left-side order insertion: 2,278 long, break below 2,230 to stop-loss.
Upper resistance: 2,371-2,400-2,422
Lower support: 2,351-2,313-2,256

4-hour chart, if it breaks below 2,344, look down to 2,308-2,257.
This trend is quite convincing; Bitcoin keeps making new highs, but Yitai cannot surpass the previous high of 2,400, indicated by the red arrow above. It also broke support at 2,376. For Yitai to rise, it must stay above 2,376 and break through the previous high of 2,400 to open up upside space. Otherwise, Yitai is just a foil. Hopefully, Yitai doesn’t break the wedge; once it breaks below the wedge at 2,343, support will be broken, and it will need to retest 2,307. If it moves like this, Yitai will be damaged, and it will be difficult to go higher.
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