5.03 Bitcoin Market Analysis

Capital Flow: Net inflow of $223 million, current holdings of $8.06B, market trading is active
1. Surge and pullback, increased bulls and bears struggle
The price quickly rose to the intraday high of 79,145 USDT in the early session, then faced sustained selling pressure and pulled back, with a low of 78,069 USDT, currently in a weak rebound phase, with strong selling pressure above.
2. Short-term momentum is weak
15-minute K-line shows that the highs are gradually declining, rebound strength is weak, and it has not yet broken through the key resistance level of the intraday pullback, with short-term bearish sentiment dominant, overall showing a sideways weak pattern.
3. Trading Tips
The current market is highly volatile in the short term. The rise and fall indicate heavy selling pressure above. Focus on whether the support at 78,000 holds today; if broken, further decline may occur. If the rebound cannot break through the 78,800 resistance level, it is likely to continue weak sideways movement. $BTC $ETH
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