Today’s Bitcoin Outlook (May 8th)


1. Fundamentals: Yesterday’s surge and pullback, driven down by hawkish comments, caused a plunge below 80k

2. Trend Structure

• Daily chart: Maintains a bullish trend on a larger scale

• Hourly chart: Short-term bearish movement

3. Key Support Levels

• Short-term support: 78,000—79,000

• Strong support: 75,000

4. Trading Strategy

• Stabilization around 78,000-79,000: Light positions for low buy-in

• Effective break below 78,000: Target 75,000, avoid blindly bottom-fishing

• Holding above 80,000 indicates a return to a bullish consolidation pattern
BTC-1.83%
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