Yueying: Bitcoin and Ethereum Market Analysis (May 7-8): 80,000 Support Level Valid, Upward Outlook Expected (with Current Price Recommendation)

Bitcoin's daily chart shows a failed attempt to hold above the upper Bollinger Band, encountering resistance around 83,000 and pulling back. The price opened lower today, testing the lower range. The Bollinger Bands are widening upwards, short-term moving averages are trending upwards, the MACD lines are slightly upwards with decreasing volume, and the KDJ is trending downwards; watch for support around the 50 level. The VR indicator is consolidating around 190. On the 4-hour chart, the price is oscillating narrowly around the middle Bollinger Band, currently trading below it. The Bollinger Bands are flattening and narrowing, short-term moving averages are turning downwards, the MACD lines are trending downwards with increasing volume, the KDJ is turning downwards; watch for support around the 0 level, and the VR indicator is consolidating around 130. Overall, the price has encountered resistance and is pulling back. The current technical structure remains unchanged, and the strategy remains the same: short-term support is at the 80,000 level, and resistance is below the previous high. The focus will be on tomorrow's non-farm payroll data, which will likely cause short-term volatility. Short-term trading recommendations are as follows. Bitcoin Short-Term Recommendation: Current price around 80300 (Take profits as needed after strategy activation). Ethereum's technical analysis is similar to Bitcoin's, but the overall trend is slightly weaker. Bitcoin hit a new high, while Ethereum failed to break its previous high. Short-term resistance remains around the previous high, with support around 2300-2280. A pullback that doesn't break this area suggests a short-term rebound. See short-term recommendation. Ethereum Short-Term Recommendation: Current price around 2310 (Click the image to see the homepage introduction for more cryptocurrency analysis). — I am Zhou Yueying, a teacher specializing in technical analysis. Feel free to discuss and learn with me about trading and trends! Let's exchange ideas and profit together!