5.8 Bitcoin Analysis

The hourly price effectively broke below the middle band of the Bollinger Bands at 80430, continuing to operate in the weak zone between the middle and lower bands;
The Bollinger Bands are widening downward simultaneously, and the bearish momentum fully dominates the short-term market, with an overall sideways downward pattern.
The MACD lines are operating below the zero line, with the death cross continuing, and the bearish green bars maintained;
The downward momentum has not been completely exhausted, and the rebound is only defined as a weak correction, with no signs of a reversal or strengthening yet.

Watch the upper level at 80600-81500, if the rebound does not break through, consider light positions for short entries, targeting 79400.

Watch the lower level at 79200, if the price tests this zone and stabilizes, try light long positions, targeting 80300-80600;
Breaking below opens the downward space. $BTC $ETH
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