May 5th BTC/ETH:

Bitcoin's price surged to 81,000. Is this a false breakout or a real bullish comeback?

First, the US-Iran situation is still ongoing, both sides are testing bottom lines. It’s impossible to completely blockade the strait routes. Crude oil continues to rise, and with the escalation of disputes, prices will keep climbing. The global supply chain will also be affected. The biggest factor driving this crypto rally is the House of Representatives proposing the CLARITY Act, which defines cryptocurrencies as commodities, removing short-term uncertainty and attracting institutional entry to increase liquidity. This is a long-term positive for the market. Although it hasn't been passed yet, the main players are betting on: buy the expectations, sell the facts! On-chain statistics show: if Bitcoin breaks through 82k, a liquidation of 82k will trigger a short squeeze, playing out a real short-covering drama!

BTC
The rebound hits the daily resistance line at 8,100, with the top of the candlestick pattern and a high wave line. Volume is decreasing, showing a divergence between price and volume, which could easily lead to a bearish reversal. Support for the pullback is at 7,980. Only a decisive break below this level would mark the end of the rebound. Short-term, watch around this area; if the price retraces without breaking below, then a conservative target is 7,450.

In the 8,150-8,200 range, short, with a defense at 8,290, and a target of 8,060-7,980. If broken, look down to 7,810-7,650.

ETH
The rebound strength is weak, but a subsequent catch-up rally is possible. During the day, watch whether the 2,350 level can be broken downward. Short-term, pay attention here. Resistance above the rebound is at 2,415-2,470-2,530. As long as the rebound cannot stabilize above 2,530, the trend will not reverse!

In the 2,412-2,433 range, short, with a re-entry at 2,470, and a target of 2,370-2,350. If broken, look down to 2,315-2,260.