Tracking real-time hot topics in the crypto world and seizing the best trading opportunities. Today is Saturday, May 9, 2026. I am Wang Yibo! Good morning, fellow crypto enthusiasts ☀ Iron fans check-in 👍 Like and get rich 🍗🍗🌹🌹

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On Friday, the three major U.S. stock indices all closed higher, with the Nasdaq and S&P 500 achieving six consecutive weeks of gains and reaching new highs. Storage chip stocks led the rally; however, the crypto market did not follow the “strong stock” trend, remaining in a volume-contracted oscillation. Bitcoin continued to fluctuate below $80k, breaking the independent strong pattern. On the macro front, the unexpectedly strong non-farm payroll data reinforced expectations that the Federal Reserve will keep interest rates unchanged. Coupled with the fact that the US stock spot ETF recorded its first single-day net outflow in May, the willingness of new funds to enter has clearly weakened. Meanwhile, gold remains under pressure due to the strengthening of the dollar and US Treasury yields, while crude oil stays high amid geopolitical fluctuations. Overall, in the absence of strong on-chain narratives and regulatory favorable conditions, the upward elasticity of the crypto market is weakening. The short-term trend is likely to continue range-bound oscillation, awaiting macro signals next week for re-pricing. Yibo will continue to monitor Federal Reserve policy implementation, institutional fund flows, and on-chain data changes, providing real-time updates on strategic layout and asset movements.

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Yesterday, Bitcoin repeatedly oscillated around the $80,000 round number all day: after dipping to $79,100 in the early session, it rebounded but faced resistance again at around $80,500 and pulled back. Overall, it showed a “support below, resistance above” converging pattern. Technically, the daily chart shows consecutive doji stars, indicating a balance between bulls and bears, but the price has not effectively stabilized above $80,500, suggesting short-term bullish momentum is lacking; the $79,100–$79,200 zone has been tested multiple times, forming a short-term defensive bottom line. On the 4-hour chart, Bollinger Bands are flattening, with price repeatedly moving around the middle band; MACD fast and slow lines are below zero, with weak momentum; RSI hovers between 45-50, indicating a lack of clear trend direction. Regarding moving averages, MA30 (around $80,300) and MA60 (around $79,800) are entangled, with the price constrained by multiple MAs. Overall, the news has not provided effective catalysts, and both bulls and bears are unable to break the deadlock during the session. Bitcoin is likely to continue oscillating within the $79,000–$80,800 range in the short term. Trading strategy could involve high selling and low buying at the range boundaries, waiting for volume breakout confirmation before following the trend.

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Yesterday, Ethereum, after breaking below key support levels, did not accelerate downward but entered a small-range consolidation: after dipping to a low of $2,263 in the early session, it rebounded, briefly spiked to $2,300 in the evening but quickly retreated to $2,270 to confirm support, and oscillated upward again overnight. However, the $2,320 zone still acts as a clear resistance, and the current price hovers around $2,300. Technically, on the 4-hour chart, Ethereum shows a “slightly higher lows, repeated testing of highs” weak recovery pattern. The middle Bollinger Band (around $2,315) remains a resistance level intraday, while the lower band gradually flattens near $2,255, forming short-term support. MACD shows a bullish crossover below zero, but momentum is weak, indicating a technical rebound after oversold conditions rather than a trend reversal. RSI runs sideways around 42, showing no substantial bullish momentum. The moving average system remains in a bearish arrangement, with MA30 (around $2,330) and MA60 (around $2,375) still pressing downward. Overall, Ethereum is in a low-position consolidation phase after a breakdown, with the key short-term trading range between $2,260 and $2,320. Trading approach could be to maintain a range-bound strategy: consider short positions near resistance at $2,315–$2,320 with a tight stop above $2,335; look for long entries at support levels of $2,260–$2,270, with a possibility to add longs if support holds. If volume increases and breaks below $2,260, further downside risk toward $2,220–$2,200 should be watched.