Evening Analysis on May 8:
The Bitcoin K-line pattern shows recent price fluctuations in the range of 113700-115700. After a significant drop earlier, a rebound has occurred, but there is clear resistance above. The 4-hour chart has formed a small upward move followed by a high-position doji, indicating a temporary balance between bulls and bears. The technical indicators MACD, as well as the DIF and DEA on the daily and 4-hour levels, are still below the zero axis but gradually converging, suggesting potential for a golden cross in the short term. The momentum bars are shortening, indicating a weakening of downward momentum.
Trading Suggestions:
Go long at 114000-114500, with a target of 115900-116900, and a stop loss at 113700.
For the second Bitcoin: Go long at 3650-3670, with a target of 3780-3880, and a stop loss at 3620.
(Note: The market is changing rapidly, for reference only!)
