Bitcoin surged to around 82,800 yesterday and pulled back, bottoming near 80,600, retracing over 2,000 points. It didn't break below the 80,000 level directly, so the bears shouldn't celebrate too early. When it pulls back, there's no need to say it will drop to 70k, and when it rises, there's no need to look at 90k. The market moves step by step; even a meal is eaten bite by bite.

If you missed this bullish wave and have been caught short all the way, there's nothing you can do. Currently, chasing the rally directly isn't suitable. For more cautious traders, it's not recommended to chase above 80,000 first. Watch the resistance at 83,000 and 84,000. Those wanting to short high can try here with a small stop-loss. For those looking to buy low, focus on the support levels at 79,500 and 78,500. Recently, the rally has been strong, and everyone is celebrating the bull run, which can easily lead to emotional chasing. Be cautious of a sudden drop at high levels that could wipe out longs.

Ethereum surged to around 2,420 yesterday and pulled back, with a low near 2,310. If you want to short at high levels, watch the resistance at 2,480 and 2,520, as such high levels are prone to pullbacks. For those buying low, you can try around 2,300 with a 20-30 point stop. Losing that isn't a big deal. If 2,300 holds and rebounds, there's potential to go up to 2,400 or even 2,500. Using a 20-30 point stop to aim for 50-100 or even 200 points profit still offers good value.

Don't always try to double your position or turn your account around in a single day for quick gains. Big profits and losses come from the same source; risk and profit are always proportional. Every trade carries the risk of being stopped out. Before placing an order, ask yourself if you can afford to lose. Being able to withstand losses is the first step, then you can enjoy profits. Those who always chase to get rich quickly often end up blowing up their accounts... #Gate广场五月交易分享 $BTC