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May 8th BTC Afternoon Analysis
The daily chart is currently in a weak phase of retreat from high levels, with the price breaking below the middle band of the Bollinger and the MA moving averages, dominated by bearish momentum. The upper Bollinger band and previous highs form strong resistance, while the lower Bollinger band is a key support. Short-term rebounds are weak, the trend is bearish, and attention should be paid to the effectiveness of the lower band support. Today is first Friday, and secondly, tonight's April non-farm payroll data. It is recommended to control position sizes; although the market currently favors a short position, shorting at this moment has little significance. My personal suggestion is to lightly short around 79,000-78,200, leaving room for a rebound, with targets around 80,500-81,000. #BTC #ETH #BTC走势分析