BTC analysis on May 8:
Yesterday, Bitcoin once again staged a wave of long and short kills, with the highest intraday rise to 64400, and it began to fall again at night, with the lowest fall to 62000. The current price is running around 62800!
Trend: The four-hour trend is still running above the downward trend line. Yesterday's analysis also pointed out that the current range is 62500-64800. The decline at night briefly broke the lower support position, and rebounded above the support, forming a range symmetry. The day before yesterday, there was a false breakthrough above, and then it broke below again, and it returned to the range again. The overall trend has not been destroyed, and it is still in a bullish trend. The lower support is still valid!
Operation:
Upper pressure range: 64800, 66600
Lower support range: 62000, 60500
