May 7th Midday Analysis

Hello everyone, I am Yifan. The morning market has been fluctuating around 81,000, which has become the dividing line between bulls and bears.
The target price for BTC touched the lower band of the Bollinger Bands and formed a bottoming rebound pattern. The Bollinger Bands are gradually narrowing as the downward opening decreases.
After a short-term oversold condition, there is a strong technical rebound demand, and the market has the momentum to recover toward the upper band.
The bearish pressure from moving averages is gradually weakening.
After the price stabilized at a low level, it is gradually testing the MA7 and MA30 moving averages.
Once it stabilizes above the short-term moving averages, it will completely reverse the short-term bearish trend.
The MACD bearish momentum continues to shrink, with both lines turning upward to repair.
The bearish force is gradually clearing out, and a bullish rebound signal is gradually brewing.
Yifan's personal suggestion: around 80,000-80,700, with the first target at 81,500-82,300.