Friday Morning Bitcoin Trading Strategy for 5.8

During the early hours, Bitcoin continued its range-bound oscillation pattern, with the price breaking below the 80,000 level and briefly retracing to around 79,500 for support. Although the price temporarily rebounded near the 80,000 mark, the rebound momentum was clearly insufficient, and the overall trend remained in a weak oscillation.

The trading approach for today’s daytime remains unchanged: prioritize monitoring pullback movements, then wait for a stabilization at low levels before considering a rebound opportunity. Short-term trading should mainly focus on shorting at high points, and only consider going long after key support levels are confirmed to stabilize.

From the 4-hour structure, resistance above is still significant, and the bulls have not yet truly regained control; on the daily chart, the bearish momentum is still being released, indicating potential for further downside. In the short term, it is highly likely to continue testing lower, with particular attention to the daily middle band support around 78,000. If the price retraces and can effectively stabilize, then consider low-level long entries.

Trading suggestion: Short in batches within the 81,000–80,500 range, with the first target at a break below 79,500, and further targets near 78,500.
Before confirming a bottom and stabilization below, avoid blindly chasing longs. Prioritize riding the pullback trend, then wait for a rebound after stabilization. #Gate广场五月交易分享 #比特币跌破8万美元 #美伊冲突再升级 $BTC