May 7th Bitcoin Market Summary:

The overall trend is largely in line with the morning’s expected outlook, with prices oscillating within a range throughout the session. The support zone at 81,000-80,500, identified earlier, was repeatedly supported by funds, and after briefly dipping to around 80,187, prices quickly recovered, indicating that buying interest below remains strong and support is holding.
Meanwhile, resistance in the 82,000-83,000 range is also evident. After reaching near 81,934, the price failed to break out with increased volume, then pulled back under pressure, confirming the earlier judgment of “heavy selling pressure at high levels and cautious chasing.” The overall market moved in a typical high-level consolidation and shakeout pattern, with bulls and bears repeatedly tugging, but the main force has not yet made a clear directional choice.
From a short-term structure perspective, the 15-minute Bollinger Bands are beginning to open downward, and the MACD shows a continued death cross, indicating short-term bearish sentiment. Market funds are also showing some outflows, suggesting profit-taking at high levels. However, the 80,000 integer level still provides strong support, and as long as there is no volume-driven breakdown, the overall trend remains cautiously bullish with sideways oscillation.
Currently, the market remains in a zone of “pressure above and support below,” with short-term focus on the 80,000-80,500 support zone and the 81,200-82,000 resistance area, waiting for a volume breakout to determine the next direction. Trading should continue to focus on buying low and selling high, controlling position sizes, and patiently waiting for key levels to confirm before following the trend.
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#稳定币储备下降