$BTC outlook for May 8: Daily timeframe (D): The dump to the 79k zone yesterday has clearly shifted the daily structure toward a bearish bias. A relatively clear bearish reversal candle cluster is forming. However, price is still holding just above the first key support zone at 79,000 – 79,500. This is an important reaction area. I’ve started allocating a small portion here to catch a potential rebound. If this level holds, a recovery bounce is still quite likely. Weekly timeframe (W): The correction scenario toward 76,000 – 77,000 is still valid. If BTC moves down there, the market could enter a prolonged sideways accumulation phase. That said, I still lean toward a more bullish outcome: BTC may invalidate the weekly bearish signal by closing above 80,000 – 81,000, thereby preserving its mid-term uptrend structure. Overall view: Short-term (D/W): downward pressure still present Mid to long-term (M): overall bullish structure remains intact 👉 Main bias: BTC still has upside potential and could target a monthly top around the 90k zone if the current support holds. Good luck trading and stay disciplined! #BTCBreaks5MonthDowntrend #TrumpCallsItALoveTap #CoinbaseQ1Loss$394M