Morning Analysis on 5.8

Last night, Old Bao spoke, and as I expected, the big pie dropped from around 974 to around 957 and then pulled back to around 971, experiencing significant ups and downs, with a beautiful V-shaped movement continuing to unfold. The point remains unchanged, but the position is gone. Recently, attention is on the Sino-U.S. negotiations; if favorable, it will break through 980 and continue to rise. Due to recent large fluctuations, please adjust flexibly according to market trends.

From a technical perspective, after the overall significant ups and downs, there is a consolidation phase. The MACD on the four-hour chart is positive, the histogram is shortening, and the momentum is weakening, indicating a possible pullback. The RSI hovers around 60; if it enters the overbought zone, there is a possibility of a downward move. Given this, the morning will mainly focus on high volatility.

The big pie is expected to rebound around 98000-98500, with a target near 965-960.

The aunt is expected to rebound near 1830-1850, with a target around 1800-1780. #BTC #ETH