Bitcoin (BTC): Tug-of-War at the $80,000 Level, Breakout Signals Increasingly Clear

Bitcoin successfully broke through the key psychological resistance of $80,000 today, reaching a high of $80,336, but then fell slightly afterward to consolidate in the $78,500-$79,000 range. The current price is around $78,317, with a 24-hour swing of about $1,800.

Driving logic: On May 1, the US spot Bitcoin ETF recorded a single-day net inflow of $629.8 million, one of the largest capital inflows since 2026. BlackRock contributed $284.4 million. In April, Bitcoin ETFs recorded cumulative net inflows of approximately $1.97 billion to $2.44 billion, marking the strongest monthly performance since 2026. Continued inflows of funds provide strong buying support for the price.

Technical analysis: The 4-hour moving average system is in a bullish alignment, with the price holding above the 50% Fibonacci retracement level of $77,650. The current narrow-range fluctuations are forming a new price base, but there is risk of a daily price-volume divergence, as the market weighs a “breakout” versus a “pullback.”

Open order strategy (based on Gate.io data and updated with real-time market conditions):

· Long (conservative): Enter in batches in the $76,500-$77,000 range, with a stop loss below $75,000. First target: $80,000 → second target: $82,000.
· Long (aggressive chasing): If price holds effectively above $80,500, go long, with a stop loss at $79,800. Targets: $82,000-$84,000.
· Short (short-term): When facing resistance and pulling back in the $80,000-$80,500 range, try a light short position. Stop loss: above $81,200. Targets: $77,500-$78,000.
· Key support: $77,000 → $76,000 → $74,000.
· Key resistance: $80,500 → $82,000 → $86,500.
$BTC ‌

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