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5.8 Morning Bitcoin Outlook
Bitcoin today peaked at 80,366 before facing resistance and pulling back, currently fluctuating near the 80k level.
Key support is at 79,400-79,500, key resistance at 80,000-80,300.
Trading Suggestions
If the rebound cannot break above 80,000-80,300, try short positions with light holdings, watching for a pullback to 79,500, and if broken, look for 78,000;
If it pulls back to 79,400-79,500 and stabilizes without falling, go long directly, with a stop loss below 79,000.