May 8th Air Strikes: Bitcoin's white plate looks at the rebound, the future is not broken resistance or the main short

The wise are not confused, the benevolent are not worried, and the brave are not afraid. Harsh advice is beneficial for action, and bitter medicine is beneficial for illness. Often when guiding students in trading, I earnestly advise whether you strictly follow my thoughts in your operations. A person's vision, breadth of mind, courage, and other psychological factors play a crucial role in the financial investment industry! The heights that one can reach in life are often the heights that people set for themselves psychologically. A person's development is often limited by having too narrow a perspective. Those who plan great things must lay out a great plan. In the game of life, what we need to learn first is not skills, but how to lay out the plan. When three people walk together, there must be one who can be my teacher: choose the good and follow it, and change what is not good. In our choices, we must sharpen our own eyes. Many people understand the trend, but do not understand the characteristics of the trend. They understand their own mistakes, but do not know how to improve. After the form has passed, they understand, but when they encounter it again, they do not understand. Growth is not about seeming to understand but not really understanding, it is about truly understanding. Once you understand, you will naturally understand the truth of investment.

Market Analysis

From the daily chart perspective, Bitcoin's trend yesterday first continued the weak retracement performance, but ultimately it was still affected by the MA120 moving average on the technical side. Bitcoin was supported by this line and rebounded again, ultimately forming a strong bullish candlestick yesterday. Therefore, compared to the previous days' decline, yesterday also represented a moderation of the downward trend. Currently, the MA5 and MA10 moving averages still show a death cross weak performance, and the Bollinger Bands also show further expansion. Therefore, in terms of trend, Bitcoin is still more inclined to be weak in the future. However, returning to the intraday trend and the bullish performance yesterday, the author believes that Bitcoin still has a trend of further upward movement today, and the short-term outlook is for a rebound in strength.

Looking at the four-hour chart, Bitcoin's candlestick fell sharply yesterday, and was boosted by the unemployment claims data in the evening, rebounding after a second test of the bottom without breaking, falling to near 60600 and forming effective support. It then rose strongly to the resistance level of 62400, showing a continuous upward trend, successfully breaking through the midline and stabilizing. It is expected to continue to rise today.

Operational Suggestions

Buy in batches on the pullback from 62300 to 62600, stop loss at 62000, and target around 64000

The above is a personal suggestion, for reference only. Investment involves risks, and trading should be cautious. Put risk first, and then plan for profit. Profit and loss are at your own risk. There is no empty talk, no exaggeration, only a solid foundation of practical combat to create stable returns for everyone.

There may be a delay in posting, and the market is constantly changing. The points mentioned in the article do not serve as a basis for following orders. For more real-time market analysis, please follow the official account above for discussion and exchange.

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