$BTC May 7 Cryptocurrency Market Analysis

Today the crypto market experienced volatility and divergence, with BTC continuing its strong bullish trend, ETH showing weakness and moving in tandem, consolidating to form a bottom, maintaining a high sell and low buy rhythm overall. Bitcoin is currently around $81,600, with six consecutive positive daily candles, clear institutional support, a 0.5% micro increase over 24 hours, and intra-day fluctuations around the $81,000-$81,800 range. Strong resistance is at $81,800-$82,500, with key support at $80,000-$79,500.
Ethereum is currently around $2,325, showing weaker movement in tandem with BTC, lacking independent momentum. Support is seen at the $2,271.7-$2,265 range, with resistance at $2,380-$2,400. In terms of trading strategy, buy on dips around $80,290-$80,010 in BTC, and reverse to short when reaching $82,575-$83,500, targeting $80,500; for ETH, buy on dips around $2,271.7-$2,265, targeting $2,490-$2,540, and short when rebounding to $2,493-$2,540.
Overall, the bullish trend for BTC remains unchanged but selling pressure at high levels is increasing, caution is advised for pullbacks; ETH support levels need to be monitored for validity. Core trading principles: avoid chasing highs, avoid bottom-fishing, stagger entries, and strictly set stop-losses to control positions.
⚠️Risk Reminder: Cryptocurrency prices are highly volatile. The above is for market analysis only and does not constitute investment advice.