Bitcoin and Ethereum Trading Suggestions and Future Trend Analysis (May 9th): The current market is in a downtrend, with the technical indicators showing a bearish engulfing pattern, indicating a shift in market sentiment towards bears. Although the price is approaching the support level of 79,000, the decrease in trading volume suggests weakening selling pressure, which may lead to short-term price fluctuations. However, the overall trend remains downward, especially given the high US dollar index and stable Treasury yields, which reduces market appetite for risk assets and further increases the likelihood of downward pressure on prices. Therefore, investors need to be cautious in dealing with the current market uncertainties. Analyst Xiao Ma's Diary Trading Suggestions: Bitcoin: Short at around 80,000-80,500, target around 79,000-78,500. Ethereum: Short at around 2295-2320, target around 2230-2200. (Note: There may be delays in article publication and review; market conditions change rapidly. The above suggestions are for reference only; risk is borne by the investor.)
Bitcoin and Ethereum Trading Recommendations and Future Trend Analysis (May 9)
2026-05-08 16:24:08
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