May 5th $BTC Comprehensive Market Analysis

News:
Yesterday, a sudden clash 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 must fall" historical pattern, stabilizing above $77,000 in early May and continuing to surge.
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, now holding over 818k BTC).
Market expectations for a friendly regulatory environment are rising.

Funds:
Yesterday (May 4th), 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) 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.

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 oscillations in the market. However, it has returned to the previous high.
Currently, the bulls still appear relatively strong, and on the daily chart, the position is developing as we hoped, with continuous upward candles eliminating divergence.
There is no sign of reversal on the daily and weekly charts at this level. Next, we need to watch whether the price can hold above 80,600. If it does, it will likely move within the 85,000 to 86,000 range.
In summary, this level will mainly see oscillating upward movement. As long as the pullback does not break below 77,500, a rebound is still expected. $BTC #Gate广场五月交易分享