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#GateSquareMayTradingShare
Bitcoin has returned near $81K after weeks of sharp volatility. Earlier this year, the price continued to lose control around $70,000, turning this level into a major collision zone for buyers and sellers.
The push above $70K was mostly driven by futures-driven movements rather than strong spot market buying. The pressure from large short-selling forced rapid price jumps, while heavy leverage led to quick declines afterward. This kept risk levels high across the cryptocurrency space.
Global pressure also hurt risk assets. High yields, policy concerns, and energy-related worries reduced trader confidence. During this phase, Bitcoin outperformed most altcoins, while many smaller coins experienced deep declines.
Large ETF inflows helped strongly support Bitcoin near the mid-$60K region. This continued buying later helped push the price back up toward the $81K range.
Key price levels:
• First support at $80,600
• Major breakout level at $84K
• Long-term major support between $70,000 and $72K
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