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🌅 Morning Market Brief | May 7
**BTC: $81,688** 📈 (Up 2.1% overnight)
- 24-hour range: $80,724 - $82,828
- Peaked at $82,850 then slightly pulled back, currently consolidating at $81,600-$81,800
- Short-term trend is bullish, but watch whether $82,800 resistance can be broken
**ETH: $2,359** 📈 (Up 1.7% overnight)
- 24-hour range: $2,346 - $2,424
- Follows BTC trend, consolidating around $2,350
- Resistance above at $2,400/$2,420, support at $2,345
**Today’s Focus:**
1️⃣ BTC $82,800 is a key short-term resistance; a breakout could lead to $84,000+
2️⃣ If it retraces to $81,000 without breaking, the short-term outlook remains bullish
3️⃣ ETH/BTC is relatively weak; prioritize monitoring BTC’s momentum
**Strategy Reference:** ❌ Do not chase longs; wait for a retracement to $81,000-$81,200 to confirm support before considering. If there are signs of stagnation near $82,800, consider light short positions.