May 5🈷️5th $BTC Comprehensive Market Analysis

News:
Yesterday, sudden military clashes between the US and Iran caused the market to fluctuate back and forth. Trump stated that if Iran takes action in the Strait of Hormuz, it will be wiped off the face of the Earth.

There were no other major negative events impacting the market yesterday. On the contrary, Bitcoin broke the four-year "May always falls" historical pattern, stabilizing above $77,000 in early May and continuing to rise.

The White House's crypto advisor recently signaled the push for the "Crypto Market Structure Act" in May, combined with ongoing statements from institutions (such as MicroStrategy continuously increasing holdings, currently holding over 818k BTC), boosting market expectations for a regulator-friendly environment.

Capital Flow:
Yesterday (May 4), the total net inflow of US spot Bitcoin ETFs was approximately $196.8 million (Farside data), mainly driven by industry leaders like @BlackRock IBIT, continuing the capital inflow trend since April.

In April, the net inflow was $1.97 billion (the highest monthly inflow in 2026), and year-to-date (YTD), it has turned positive by about $818k, with total historical inflows exceeding $58 billion.

From May 1-4, inflows have already exceeded $600 million. Institutional demand, especially from retirement accounts and hedge funds, has significantly rebounded, offsetting the $1.47B outflow pressure in January and February.

K-line Technical Analysis:
$BTC According to the resistance level of 80,600 we provided yesterday, the market rebounded to that level and then quickly pulled back. Yesterday’s fluctuations were also influenced by war news, causing the market to oscillate back and forth. However, it has returned to the previous high. Currently, the bulls remain relatively strong, and on the daily chart, the price has started to rise steadily as we hoped, eliminating divergence. The current daily and weekly charts show that the rebound has not ended. Next, we need to watch whether the 80,600 level can be held. If it can, the market will likely move within the 85,000 to 86,000 range. In summary, this level will still mainly see oscillating upward movement, and as long as the pullback does not break below 77,500, a rebound is still expected. #比特币ETF期权持仓限额增4倍