State of Mind - May 8th

New day on the crypto market!

What's the feeling?

Compared to yesterday, we can say that the session starts better with gains or losses close to balance. On the market capitalization side, it currently stands at $444 billion, an increase of $14 billion.

Bitcoin rebounded yesterday on its support at $9200 and is currently trading at $9370. The bullish trend is therefore still not compromised. The technical indicator in 4h time horizon indicates a potential bullish reversal and therefore an end of the correction.

Nevertheless, until we have confirmation, let's be patient and careful! And as usual, don't forget your stop-loss!