Tracking real-time hot topics in the crypto world and seizing the best trading opportunities. Today is Thursday, May 7, 2026. I am Wang Yibo! Good morning, crypto friends☀ Iron fans check-in👍 Like and get rich🍗🍗🌹🌹

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Affected by repeated disruptions from the US-Iran negotiations news, combined with the sharp weakening of the US dollar index, falling US Treasury yields, oil prices plunging then V-shaped rebounding, global stock markets, gold, and silver collectively strengthening, and overall risk appetite rising, Bitcoin and Ethereum surged to refresh recent highs; but as Iran denied reports related to a ceasefire memorandum and Trump issued tough statements, market optimism quickly cooled down, and profit-taking at high levels drove cryptocurrencies to retreat in the evening, then retested lows again in the morning. The overall market completely follows geopolitical sentiment, dollar strength or weakness, and global risk assets' movements, with short-term volatility amplified by news-driven disturbances. Bull-bear disagreements intensify, and subsequent trends will still be highly linked to the progress of US-Iran negotiations, US dollar and US Treasury yields, and global stock market sentiment, moving in sync. Yibo will continue to monitor the implementation of Federal Reserve policies, institutional capital flows, and on-chain data changes, providing real-time updates on layout strategies and target asset dynamics.

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Yesterday morning, the price quickly surged from 80,600, oscillated upward during the day, and after reaching a high of 82,788 in the evening, faced resistance and pulled back, forming a clear long upper shadow, indicating increased selling pressure at high levels; in the evening, the correlation with US stocks significantly weakened, showing an independent decline, retracing to 81,100 before entering a narrow range of oscillation, with momentum converging and volatility narrowing in the early morning; after a quick dip to 80,790, a slight rebound occurred, forming a high-level consolidation structure. Technically, the hourly chart shows a double top pattern + divergence, with the highs gradually decreasing and the center of gravity slightly shifting downward, indicating weakening bullish momentum in the short term; key support levels are at 80,700-81,000, resistance at 82,200-82,788. Currently, the market is in a phase of high-level buy-sell rotation and pre-directional buildup, with increased short-term volatility and unclear direction. Focus should be on the validity of support levels and volume cooperation.

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Yesterday morning, the price started oscillating upward from around 2,255, with bulls steadily pushing higher during the day. In the evening, it attempted to break through 2,423 but faced resistance, forming a prominent long upper shadow, indicating concentrated selling pressure at high levels; in the evening, the decline was rapid due to US stock weakness, falling to 2,345 before entering a narrow consolidation, with short-term balance between bulls and bears. Momentum converged and volatility narrowed in the early morning; after switching lines, it dipped again to around 2,312, repeatedly forming long lower shadows, with selling pressure hindered and buying support at low levels emerging, leading to a slight stabilization after a rebound. Technically, the overall pattern shows a high-level rally followed by a pullback + bottoming at low levels, forming a oscillating structure. 2,423 is a strong short-term resistance, with 2,310-2,345 forming a support zone; on the hourly chart, a squeezing pattern (initial upper shadow, then lower shadow) is emerging, with increased divergence at high levels and confirmed support at low levels. The market is entering a buildup phase before a directional decision, with attention needed on the validity of 2,345 support and volume near 2,400 to determine the next trend.