星球日报|5月 10, 2026 14:10
**[Analysis: Bitcoin May Retest Below $80,000, $74,000 Becomes Key Support Level]**
Odaily Planet Daily News – Over the weekend, Bitcoin fluctuated above $80,000, with the market yet to experience a significant further pullback. However, market analysts believe the short-term correction is not over. Cryptic Trades stated that the current low-cycle trend indicates Bitcoin is more likely to retest the "Bull Market Support Band," located below $80,000, after encountering resistance near high-cycle resistance levels. This support band corresponds to the area of two key moving averages. As long as BTC can hold this support band and the high-cycle support zone near $75,000, the subsequent trend is still inclined to move upward.
Additionally, some market analysts pointed out that Bitcoin's previous breakout above the Bull Market Support Band was "not very clear." The market needs to stabilize above the low $80,000 range for one to two weeks to confirm a strengthening trend. (Cointelegraph)
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