Bitcoin chart reference for May 9th:

In the short term, it is operating near the upper Bollinger Band, with the Bollinger Bands opening upward. The price is temporarily under pressure around 80,400, and overall, it is in a relatively strong recovery phase within the intraday short-term.

From a capital perspective, current net inflow exceeds 100 million USD, and large buy orders displayed on the order book are supporting the bottom. The short-term bearish momentum has temporarily paused, but the major downtrend on the daily chart with a death cross has not changed. The rebound is more of a corrective move.

Trading suggestion: If the price rises to the 80,500-80,800 range and encounters resistance and pulls back, it can directly move south.
First target near 79,800
Second target in the 79,200-79,000 range.

If the price directly stabilizes above 80,800 and continues to increase volume and push higher, it indicates that short-term bullish sentiment is warming. You should abandon short positions. If it breaks through 80,800 without a significant pullback, it can trend northward.

The open strategy is for reference only. Short-term fluctuations are fast, so strictly control your positions. #比特币跌破8万美元 $BTC #油价过山车