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5.8 Morning $BTC Thoughts #比特币跌破8万美元
Bitcoin hit a high of 80,366 today before facing resistance and pulling back, currently fluctuating near the 80k level.
Key support is at 79,400-79,500, key resistance is at 80,000-80,300.
Trading suggestions
1. If it cannot break above 80,000-80,300 on the rebound, try a small short position, look for a pullback to 79,500, and if broken, target 78,000.
2. If it pulls back to 79,400-79,500 and stabilizes without falling, go long directly, with a stop loss below 79,000.
3. The market is volatile, avoid heavy positions and all-in bets, strictly set stop losses and trade in the trend.