Analysis on the morning of May 10th

MA7 (7-period moving average, 80722.7) and MA30 (30-period moving average, 80753.7) are currently both above the price, forming a double resistance level.
In the previous upward trend, the price relied on the moving averages to steadily advance, which is a typical bullish trend; now, the price has fallen below the short-term moving average, and the moving averages are showing signs of flattening and turning, indicating that the upward momentum has significantly slowed.
The DIF fast line (24.4) has crossed below the DEA slow line (49.0), and the MACD value is -49.2, showing a death cross signal and expanding green bars, indicating that short-term bearish momentum is being released.
However, the DIF and DEA are still operating above the zero line, suggesting that the medium-term upward trend has not fully reversed, and the current pullback is more of a technical correction after an increase rather than a trend reversal downward.
Yifan personally suggests around 81,000-81,800, with a target near 80,000-79,500 #BTC #ETH #BTC走势分析