May 9th Bitcoin Analysis:

The daily chart is currently in a bearish trend, with downward momentum increasing.
The long-term monthly chart also shows a bearish signal, and according to historical patterns, the price is likely to fall to around 58k.
Regarding the Bollinger Bands, the price has already broken below the middle line and is now testing the 78,500 level. If it breaks below this, it will head straight toward the strong support at 75,000.
On May 7th, the US military conducted an airstrike on Iran, causing oil prices to surge past $100. Bitcoin followed with a sharp decline, dropping from 81,400 directly to 80,000. On that day, 415 million in funds were liquidated across the entire network, with high leverage risk, making cascading liquidations very likely.
The price rebounded to 80,500-81,000, then went short.
First take profit: 79,000
Second take profit: 78,000
Only one scenario would change the outlook: if the price stabilizes above 81,000 and does not fall back, then consider going long.
$BTC #BTC重返8万