Market on May 9 $BTC : Yesterday, I mentioned that Bitcoin was in a four-hour preliminary consolidation and hadn't broken below it, so it was too early to be bearish. Last night also showed a rebound trend.



Currently, the 15-minute upward trend line has not been broken, so those wanting to short are a bit premature. Whether the 1-hour upward movement will continue depends on when the price reclaims the 806-808 level, and seeing the price at 82,000-82,400 is also acceptable.

Additionally, yesterday's daily closing did not show any signs of a breakdown, so the previous pullback was just a correction. It is still possible to form a new head or directly break through.
BTC0.85%
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PopFruitCollage
· 5h ago
If the 15-minute trend line is holding, don't rush to short; wait until it breaks below before considering.
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GateUser-88d5d071
· 5h ago
If the daily line hasn't broken out, it indicates that the main force hasn't finished running; it’s possible to form another double top or to break through directly—watch and observe as it develops.
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LunaCircuit
· 5h ago
Lines 1-2: 806-808 is indeed a critical point; if you can't stand firm, the multiple heads are still illusory.
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