5.8 Morning

Thought Process Analysis:
Bitcoin surged yesterday and then continued to face selling pressure, currently breaking below the 80,000 level, further clarifying the short-term weak structure. The current market has not shown a strong rebound; instead, the lows keep moving lower, indicating that the bulls lack sufficient support, and the bears are still in control. The 80,000 level has shifted from previous support to resistance above. If the morning rebound cannot stabilize above the 79,500-79,800 range, the market is likely to continue testing lower. Overall, the current rebound is mainly a short-term correction during the decline, and the bearish trend has not ended. The morning strategy remains focused on shorting on rebounds, with particular attention to the acceleration space after a break below the lower levels.

Trading Suggestions:
Bitcoin: Short near 79,800-80,300, target 78,400, 77,400.
Altcoin: Short near 2,290-2,320, target 2,230, 2,200. #比特币跌破8万美元 $BTC $ETH