5.8 Afternoon Market Analysis:

Bitcoin's overall trend today continues to weaken with oscillating downward movement. After breaking below the 80,000 level in the morning, bearish sentiment further intensified, with a low rebound to around 79,000. Currently, although there is a slight rebound, the overall strength is weak, and selling pressure above remains evident, indicating that market bullish enthusiasm is not strong. In the short term, the 80,000 level has shifted from previous support to a temporary resistance level. If subsequent rebounds fail to stabilize above this area, there is still a possibility of further downward testing. The current market is more inclined toward technical correction, and the overall bearish trend has not yet changed.

The "mistress" (a slang term for a secondary token or altcoin) also follows the market weakness, with multiple intraday rebounds failing to effectively break through the upper resistance zone, indicating insufficient bullish momentum. As market risk sentiment cools, funds are becoming more cautious, and there is still a risk of further pullbacks in the short term. Overall, the current trend remains dominated by bears, and it is not recommended to blindly chase longs. Focus on high shorting opportunities after rebounds, and patiently wait for the trend to further develop. #比特币跌破8万美元 $BTC $ETH