Intraday market volatility continues to narrow, overall trading remains very frustrating. Early Bitcoin retraced to test the bottom around 79,100 and stabilized, then the white market maintained a sideways upward trend, reaching a high near 80,400 in the evening, with daily fluctuations only a thousand points, mainly characterized by narrow-range grinding. The double order we set yesterday has been successfully unwound after two adjustments to the position, and some bottom holdings are still being held to continue speculating for profit. From the current market situation, Bitcoin still mainly consolidates with oscillations, although the retracement depth has increased, there has been no substantial breakdown. During the day, the market tested the 79,200 level twice, both times quickly recovered, indicating strong buying support below and sufficient resilience. The daily chart has successfully closed with a positive signal, fully recovering the losses from the retracement; the evening rebound faced resistance and was unable to break further, so short-term market still needs to consolidate and prepare for the next move. Regarding trading strategy, we still maintain the same bullish outlook, with a focus tonight on observing whether the 80,800 level can be broken. $BTC #比特币跌破8万美元

Bitcoin dominance isn't decreasing, altseason is just empty talk, keep waiting for ETH

On May 8, the U.S. Central Command confirmed that U.S. forces intercepted and responded to an unprovoked Iranian attack in the Strait of Hormuz. Increasing geopolitical tensions pushed U.S. stocks down, sending BTC below the $80k level, and triggered a sharp V-shaped rebound in oil prices. 🎁 Market movement predictions and 5 winners will share $1,000 in Position Vouchers! 💬 Discussion: 1️⃣ Will U.S.-Iran tensions escalate further? What key developments are you observing? 2️⃣ Can Bitcoin withstand the pressure and reclaim $80K? 3️⃣ Are you expecting tonight's data to be bullish or bearish? #GateSquareMayTradingShare #BTCPullback #GateSquareMayTradingShare