Bitcoin (BTC): $80,000 Showdown, Bear Liquidity About to Explode

Bitcoin’s current price is about $78,500, with a 24-hour gain of about 3%. It has already moved above the midpoint of a key resistance zone, reclaimed the 100-day moving average, its RSI trend is turning upward, and momentum is building. Gate.io analysts note that the market is going through a complete cycle: bottoming out → rallying on a rebound → raising the range on a swing basis → high-level consolidation. Overall, it is in a high-level oscillation and upward pattern dominated by bulls. The main focus on the upside is the pressure at the $79,000-$79,500 level; on the downside, the $78,000-$77,500 support zone needs attention.

Core logic: Analyst Ali Martinez said in a post that $80,000 is the main psychological and technical resistance, where a large amount of short liquidity has accumulated. If it breaks through, it may trigger a short squeeze, pushing the price quickly toward $84,000. Regarding ETF flows, on May 1, US spot Bitcoin ETFs recorded a total net inflow of $629.8 million, one of the largest single-day fund-absorbing days since 2026. BlackRock contributed $284.4 million, and capital inflow has rapidly shifted from the prior period of continuous outflows to large-scale institutional “buying the dip.”

Trade entry point strategies:

· Long (conservative): Build positions in batches at $77,500-$78,000. Stop loss below $75,500. Targets: $80,000 → $84,000
· Long (aggressive chasing): Go long after effectively holding above $80,000. Stop loss at $78,500. Targets: $84,000-$85,000
· Short (short-term): When encountering resistance at $79,500-$80,000, try a small short position. Stop loss above $81,000. Target: $77,500-$78,000

Key support: $77,500 → $75,000 → $73,000

Key resistance: $79,500 → $80,000 → $84,000
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