5.4 Bitcoin Market Outlook: Facing Resistance During Rally, Weakness Signals Increasing

The Bitcoin price attempted to test the upper resistance again in the early session, reaching near the 80,000 level at one point, but quickly pulled back after the surge, currently retesting support levels. From a trend perspective, this upward move appears more like a pressure test rather than a genuine breakout.
From the 4-hour timeframe, the short-term bullish momentum is clearly weakening. Although the price has risen, there has been no sustained increase in volume, and the subsequent rally lacks strength, indicating that selling pressure above remains heavy. The market repeatedly pushes higher and then pulls back, essentially a manipulation by funds to offload holdings during the rally, 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 above 80,300 can be used for additional shorts. If the price firmly breaks above 80,300, short-term shorts should be promptly adjusted. A failure to hold after surging indicates weakness; rebounds offer opportunities, but the main trend remains short.