May 9th Bitcoin Summary

Today’s Silk Road
The bulls have shown some recovery but face significant resistance above, making it difficult to break out of a short-term upward trend
The first support level is set at 79,800; stabilizing above it allows for long positions to be taken advantage of for rebounds
The first resistance level is set at 80,500; if it cannot be effectively broken through, the current consolidation pattern will continue, and traders can take advantage of pullbacks.

Actual Market Conditions
Rebounded three times near the support level and stabilized
Faced resistance twice near the upper pressure level and started to pull back
Intraday low at 80,063, high at 80,641

At the same time, it is reminded that weekend trading tends to converge, with a range of 300-500 points being typical.
The overall rhythm and key levels closely match the actual market movements
The maximum fluctuation did not exceed 600 points, and each prediction was validated by the market’s most fair response.
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#BTC重返8万 #Circle增发2.5亿枚USDC