Tracking real-time hot topics in the crypto world and seizing the best trading opportunities. Today is Friday, May 8, 2026. I am Wang Yibo! Good morning, fellow crypto friends☀ Hardcore fans check-in👍 Like and make big money🍗🍗🌹🌹

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Overnight, the three major U.S. stock indices all closed lower, signaling a correction after the high-level rally; the crypto market also oscillated and declined in tandem, with Bitcoin and Ethereum showing weakening trends, completely breaking the previous independent pattern of strong coins and weak stocks. Previously, funds flowed back from gold to Bitcoin, temporarily supporting the crypto safe-haven logic, but yesterday’s dollar strength suppressed gold prices further, and geopolitical risk premiums failed to generate buying support, instead prompting a technical correction in Bitcoin. On Thursday, commodities experienced intense volatility, with substantive breakthroughs in Iran-U.S. negotiations, causing WTI and Brent crude oil to plummet over 7% and nearly 8%, respectively. The geopolitical safe-haven premium rapidly dissipated, directly dismantling the main bullish narrative of crypto assets relying on energy inflation and hedge against fiat devaluation. Macroeconomic variables are also prominent; the Federal Reserve will undergo a leadership transition on May 15, with the latest interest rate decision divergence reaching multi-year highs. Market expectations for rate cuts have been postponed to 2027, with a low probability of rate cuts this year. Under the background of liquidity re-pricing, Bitcoin supported by ETF inflows is questionable whether it can continue its independent trend, as profit-taking pressure is significant. Yibo will continue to monitor the implementation of Fed policies, institutional fund flows, and on-chain data changes, providing real-time updates on layout strategies and target asset dynamics.

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Bitcoin has lost support at the 80k level. Yesterday, the bulls seemed to be cooled off, with the price briefly breaking below the 80k USD mark, directly threatening the previous confirmed structure of a pullback. The recent higher lows in a relatively strong consolidation pattern were broken by systematic selling pressure last night. The daily moving average system is generally flattening, and the RSI indicator has quickly fallen from the strong zone to near-neutral or weak levels, indicating a clear decline in buying willingness compared to earlier. The MACD fast and slow lines are showing signs of a death cross at high levels; if the price cannot quickly recover and stay above 80,600 USD within the next 24-48 hours, the short-term control will shift to the bears. The key support zone below is around 77,500-78,200 USD. If this area is again broken, the previous strong channel may be effectively breached, and the correction cycle could be further extended.

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Ethereum has struggled to break through the 2,400 level, showing a pattern of repeated tug-of-war at low levels and weak momentum for a rebound. This phenomenon is no longer simply a buildup of strength but a true reflection of the bulls’ fatigue. Once market sentiment weakens, Ethereum’s downside potential increases significantly. Currently, the price has fallen below the short-term equilibrium zone around 2,350 USD, with the daily MA20 and MA30 support systems under pressure. The converging triangle pattern on the 4-hour chart clearly indicates a downward bias, with the middle Bollinger Band fully broken through, and the price approaching the lower band and the short-term support zone of 2,280-2,300 USD. If this level is lost, the next target will be the 2,200 USD integer level. If Bitcoin can hold the key zone of 77,500-78,000 USD and stabilize, Ethereum still has a chance to consolidate; otherwise, the downward momentum will accelerate sharply in tandem.