Crypto Circle Academician: After the May 8 Federal Reserve Decision, have Bitcoin bulls' dreams been shattered? Latest market analysis reference.

CN
17 hours ago

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Cryptocurrency Community Expert: Bitcoin (BTC) Latest Market Analysis on May 8, 2025

The current price of Bitcoin is 96,000. It is now 3:30 AM Beijing time. Let's review yesterday's market. In yesterday's article, I mentioned that once Bitcoin surpassed 95,000, the trend indicators formed a golden cross, leading to a one-sided market. Congratulations to those who followed the upward trend; I bet everyone has made a good profit. Let's see what changes the market will undergo after the Federal Reserve's interest rate decision.

First, the daily K-line had a high of 97,700 and a low of 95,800. The large-scale EMA trend indicator's upward alternating expansion trend has basically ended. The EMA15 fast line indicator is still stretching upward to 94,000, and it is expected to continue stretching to challenge 94,500, which is the latest support point. The MACD volume is about to end; if the DIF and DEA cannot hold the daily golden ratio line at 0.618, a bearish trend will form, and the trend will begin to shift. There is a high probability that the bearish momentum will strengthen. The upper Bollinger Band has moved up, and the middle band is at 93,000. Once the previous high is broken, consider positioning for a short.

The four-hour K-line is currently standing at the EMA trend indicator's top support at 95,800, with bottom support at 93,000. The MACD volume is decreasing, and the DIF and DEA have not exited the energy indicator before starting to contract. The upper Bollinger Band pressure level is at 97,500, and the middle band is at 95,450. A bearish trend will only open up if it breaks down, challenging the lower band support at 93,000. For now, there is no rush to act; it is safest to enter the market when the main force stretches to sell.

Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first; small losses and big profits are the goal. Especially when breaking key resistance and support, stop-losses should be executed without hesitation.

For a long position, the trial entry point is between 93,500 and 94,000, with a stop-loss at 93,000, risking 500 points, targeting 94,500 to 95,000, and if broken, looking at 95,500.

For a short position, the trial entry point is between 97,500 and 98,000, with a stop-loss at 98,500, risking 500 points, targeting 96,500 to 96,000, and if broken, looking at 95,500.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Cryptocurrency Community Expert and represents the expert's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The expert also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on your own issues and not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Hard work is rewarded, integrity is valued, trust is essential, precision is crucial, and passion is key. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Cryptocurrency Community Expert wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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