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May 7, 2026 (Reference points are only valid for the day)
BTC core critical level: 81,700
BTC daily long-short dividing line: 80,900
Resistance levels above: 81,700, 82,200, 82,800
Support levels below: 80,900, 80,500, 79,900
Starting today, the mid-term is entering the stage of true directional choice. If it cannot hold above 82,800, the mid-term bias will downgrade from bullish. As of now, the mid-term still appears bullish on the Fibonacci chart, since there hasn't been a real decline. In the short term today, it is expected to be volatile with a bearish bias.