5.4 Bitcoin Market Outlook: Attempted Surge Faces Resistance, Weakening Signals Increasing

The Bitcoin price again tested resistance levels in the early session, briefly rising near the 80,000 mark, but quickly pulled back after the surge, currently retesting support levels with sideways movement. From a trend perspective, this upward push appears more like a test of resistance rather than a genuine breakout.
From the 4-hour timeframe, short-term bullish momentum is clearly waning. Although there was a price rally, it was not accompanied by sustained volume increase. After the peak, the upward momentum weakened, indicating that selling pressure above remains heavy. The market repeatedly pushes higher and then pulls back, essentially a move by funds to shake out weak holders, with insufficient market absorption.
Currently, the market is in a small-range consolidation, but the momentum has already started to weaken. Multiple attempts by the bulls to push higher have failed to hold key levels, and control is gradually shifting toward the bears. Once the consolidation ends, there is still room for a pullback below.
Today's trading strategy is mainly to short on rebounds, with caution against chasing long positions.
Reference range: around 79,800 - 80,000, with phased short positions. Strong resistance area: above 80,300, where additional shorts can be added. If the price firmly breaks above 80,300 and stabilizes, short-term shorts should be promptly adjusted. Failure to hold the surge indicates weakness; rebounds offer opportunities, but the main trend remains short.