May 9th Bitcoin (BTC) Thoughts:

The current market structure remains predominantly bullish with oscillations, quickly recovering after pulling back near 79,500 in the early hours, indicating strong support below. On the 15-minute chart, the Bollinger middle band continues to rise, with the price trading above 80,000, and the bullish momentum has not been broken. Although there have been multiple attempts to challenge resistance around 80,400, the pullbacks are not significant, indicating a sideways digestion at high levels.

The 4-hour MACD remains in a bullish crossover, with moving averages maintaining a bullish alignment. Overall, the outlook remains cautiously bullish with a focus on oscillations. Today’s key support levels are around 79,800 to 80,000; as long as this support holds and is not effectively broken, dips can be considered low-entry long positions.

Short-term resistance above is around 80,450 to 80,800. If a volume breakout occurs, there could be further upward momentum; if the price falls below 79,800, caution is needed to prevent a retest of support near 79,500.

Trading strategy:
Focus on buying dips, with selling on rallies as a supplement.
Avoid blindly chasing longs at high levels; wait patiently for a pullback confirmation before entering the market.
$BTC
$ETH
#比特币跌破8万美元