5.8 Afternoon Market Analysis:

After Bitcoin hit around 79,000 in the afternoon and completed a short-term bottoming, market sentiment began to improve, and prices rebounded all the way back toward the 80,000 level, indicating that buying support below is strengthening. Previously, after a series of short positions were released, a certain oversold sentiment had accumulated in the short term, so a technical correction in the afternoon is also a normal rhythm. Currently, although the market has rebounded, it is still in a recovery phase after a high-level decline, and there is still strong selling pressure above 80,000. If it cannot effectively hold above the 80,000-80,200 range later, the rebound is likely to remain a correction, and a pullback may occur again tonight after a brief rally.

The "mistress" also followed the market rebound, with a noticeably stronger rhythm than in the morning, indicating that short-term market sentiment has improved. However, the trading volume has not fully expanded yet, so the trend cannot be directly defined as a reversal for now. In terms of operation, focus on whether the resistance area above can be effectively broken through tonight. If it remains under pressure, caution is still needed for the market to retest lower levels. #比特币跌破8万美元 $BTC $ETH