Crypto Circle Li Ying: Is the technical level breaking down completely on 5.9? The short-term moving average death cross establishes a bearish advantage, Bitcoin may rebound to 79,000 to find the last support! Latest market interpretation and operational suggestions
Article published on 2026.5.9 — 00:30
Before the release, the current price of Bitcoin is 80,000. The current situation can be frankly described as a high-level sideways trend with an unclear direction. At the 80,000 mark, Bitcoin is like walking a tightrope; it neither goes up nor down, which looks quite scary, but is actually accumulating strength. At this time, the most taboo thing to do is to chase high and kill low because you don’t know if the next second it will soar to the sky or plunge into the abyss. The strategy now is one word: stable. Don't think of gaining a lot all at once; we should lie quietly like a crocodile, waiting for the moment when prey shows a flaw, to strike precisely. Currently, the market is being washed by the main forces, expelling the weak hands. What we retail investors can do is to hold onto our wallets and wait to act until we clearly see the situation.
From Li Ying's technical analysis, the MACD indicator has formed a death cross above the zero axis, and green bars are beginning to emerge. This is not a good signal, indicating that the upward momentum is quickly running out, and the risk of a short-term pullback is increasing. Looking at the moving averages, the short-term moving averages have begun to turn downward and are intertwined, which shows that there is a significant divergence between the bulls and bears in the short term, with neither side yielding to the other. However, Li Ying judges that the long-term moving average at 120 is still firmly supporting below, which indicates that the big trend has not yet deteriorated. The current K-line shape resembles a converging triangle, with increasingly smaller fluctuations, indicating that a trend change is imminent.
Short-term reference:
Go long at 79,500-79,000, exit if it falls below 78,500, target above 80,500 aiming for 81,000
Go short at 81,000-81,500, exit if it breaks below 82,000, target below 80,500 aiming for 80,000
The above content is exclusively original by Li Ying, please indicate the source when reprinting! The article's publication review has a time delay; the market changes rapidly, and the above suggestions are for reference only, with risks borne by the reader. I hope Li Ying's insights will be helpful to you!
The content of the article is real-time and for reference only, with risks borne by the reader.
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