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Sunday, May 10 Bitcoin Analysis
The current market shows a pattern of rising sharply then pulling back, with signs of bulls returning, but resistance above is quite strong. Do not blindly chase the highs; it is recommended to wait for key levels to stabilize as the main basis for action.
Focus on support at the 80,500-80,000 level below.
Once the decline stabilizes, consider entering long positions to catch the rebound profitably.
Pay close attention to resistance at the 81,000-81,500 level above.
If a clear breakout is not achieved, the current oscillation pattern is likely to continue.
The market is currently disturbed frequently by macro news, increasing uncertainty; stay highly alert.
Follow the principle of taking profits when the market shows signs of topping and accumulating small gains in oscillating conditions. If news-driven trends cause a break, adjust strategies promptly, control the pace, and strictly manage risk.
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