Cryptocurrency Academician: Bitcoin surged to extreme overbought levels in a short time on May 9! The market is changing rapidly, waiting for a decision! Latest market analysis reference.

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4 hours ago

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the cryptocurrency community may not make you rich overnight, they can help you stay in the game. Only those who survive in the cryptocurrency space for the long term and persist until the end can achieve the results they desire. I hope you understand.

I am a warrior in the cryptocurrency community, always protecting the retail investors. I wish my followers financial freedom by 2025. Let's work hard together!

Cryptocurrency Community Expert: Bitcoin (BTC) Latest Market Analysis on May 9, 2025

The current price of Bitcoin is 101,350. It is now 3:30 AM Beijing time. The sudden surge caught us off guard. I had a short position at 99,500, but ultimately had to stop-loss and exit as it broke the previous high. After Bitcoin broke the 100,000 mark, it went completely wild, truly bullying retail investors, treating them as mere fodder for harvesting. I knew the bulls had taken control, but at this moment, I chose to observe because the essence of trading is survival. We must first stay alive before considering profit.

Looking at the order book, the daily K-line reached a high of 101,700, very close to the Fibonacci retracement level of 0.786 resistance at 102,400. After the EMA trend indicator finished alternating upwards, a sharp rise occurred, especially after breaking 100,000. The EMA15 trend fast line support broke 95,000, and the stretch is not over yet. The MACD, which had originally ended, began to increase in volume, and the DIF and DEA death cross was reversed, forming a golden cross diffusion trend. The bullish situation has opened up, and the K-line broke the upper Bollinger Band resistance at 101,500. It is expected to consolidate at the upper band before choosing a direction.

The four-hour K-line diverged from the EMA trend indicator and stretched upwards. The EMA15 trend fast line support has reached 98,000, with major support at 93,400. The MACD has been continuously increasing in volume, indicating an effective bullish trend. The Bollinger Band is opening, and the K-line is expanding upwards around the upper band at 101,000. The market has reached an extremely overbought condition, with a possibility of reversal at any time. The main force has now reached a critical point. At this moment, do not rush to choose between long or short; wait for the formation to appear before making a choice, or test a short position after hitting 0.786.

Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal, especially after breaking key resistance and support. Stop-losses should still be executed; do not hold onto losing positions.

For a northern test position, enter at 95,500 to 100,000, with a stop-loss at 94,500, risking 500 points. The target is 96,500 to 97,500, with a breakout target of 98,000.

For a southern test position, enter at 101,700 to 102,000, with a stop-loss at 102,500, risking 500 points. The target is 100,000 to 99,000, with a breakout target of 98,000.

Specific operations should be based on real-time order book 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 where your issues lie. Do 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 and follow 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. The way of heaven rewards diligence, the way of the earth rewards goodness, the way of humanity rewards sincerity, the way of business rewards trust, the way of industry rewards precision, and the way of art rewards heart. 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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