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BTC Perpetual Contract Daily Analysis | 2026.05.07 Midday Edition
Disclaimer: For reference only and does not constitute investment advice.
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The Asian session trend is relatively weak.
This morning, at the UTC8 open of $81,658, as I’m writing this it has dropped to $80,810. The 24h high is $82,800, the low is $80,525.5, and the range is about $2,275, which is larger than yesterday.
In terms of trading volume, over the past 24h about 90,279 BTC was traded, corresponding to a USDT trading value of about $9.03 billion. The volume has shrunk significantly compared with yesterday (about $10.3 billion at the same time yesterday), indicating that market activity has declined.
Funding rate is -0.0048%. A negative value means shorts are paying longs. The percentage is extremely low, but it still leans bearish. The next funding settlement is at 08:00 Beijing time.
Technically, $81,800 is today’s first resistance. After it falls, $80,500 is the primary support. If it holds, price may continue to consolidate; if it can’t hold, a pullback to $79,700 is possible. $82,800 is today’s highest point, but the bulls failed to continue the advance from last night.
Put simply: the Asian session is weak, but without an increase in volume. It’s not that the bears are actively dumping; it’s more like the bulls are actively withdrawing. The European and U.S. session is the key—wait for the U.S. stock market to open to determine the direction.
For the strategy, continue to wait—don’t chase and run during the Asian session.
Tomorrow morning continues.
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$BTC #BTC回调