#Gate广场五月交易分享 Can Bitcoin hold the 80k level! What are the next steps?

1. Today's macro trigger points
1. Institutional funds continue to flow net in: US Bitcoin spot ETF saw a net inflow of $532 million yesterday, Ethereum ETF net inflow of $61.3 million; Morgan Stanley opened Bitcoin trading for 8.6 million clients, accelerating Wall Street's entry
2. Big players' strategic shift: Strategy holding 810k BTC abandons the "never sell" promise, suffering a $12.5 billion loss in Q1 but still insists on increasing holdings, shifting from "HODLing" to active balance sheet management
3. Global asset linkage: Gold surged 3% to break through $4,700, US stocks NASDAQ up 2.02%, under geopolitical conflicts Bitcoin combines safe-haven and growth attributes, becoming a new choice for institutional allocation
4. Contract market liquidations: 125k traders wiped out in 24 hours across the entire network, totaling $584 million, short positions account for over 70%, high-level shakeout accelerates chip concentration
2. Summary of influential opinions + strategic operations
Bitcoin market review
Bitcoin surged to 82,800 yesterday then faced resistance and pulled back, bottoming at around 80,600, experiencing a retracement of over 2,000 points. But the price has not effectively broken below the key support of 80,000, so the bears haven't been able to open downward space for now. The current market is in a consolidation phase, don’t blindly call for new highs, the trend still needs to develop step by step, don’t be misled by short-term rises and falls.
Operational reference
Attempt short strategy: wait for the price to rebound to the strong resistance zone of 83,000-84,000, with small stop-loss and light positions.
Low buy strategy: patiently wait for the support zone of 79,500-78,500, then enter in batches for better safety margin.
Ethereum market review
Yesterday retraced from 2,420 to 2,310, overall in a consolidation phase after a high-level correction. There is obvious resistance near previous highs, and the probability of further correction at high levels is not small, while support around 2,300 below is critical.
Operational reference
Attempt short strategy: focus on the previous high resistance at 2,480-2,520, where high-level retracement is more likely.
Low buy strategy: lightly buy around 2,300 with small stop-loss of 20-30 points, even if it results in a loss, it’s manageable. If support holds and a rebound begins, target 2,400 or even challenge 2,500. Using small stop-loss to gain hundreds of points profit offers high cost-effectiveness.
Gold
News analysis
The situation in the Middle East is gradually easing, the US dollar index continues to weaken, combined with the Fed’s rate cut expectations heating up, market risk aversion and rate cut benefits resonate, greatly boosting gold’s upward momentum. Overnight, gold prices surged significantly, bullish sentiment fully warmed up, and the overall favorable pattern remains short-term.
Technical analysis
The daily chart successfully broke through short-term moving average resistance, reversing the previous weak oscillation, forming a W-bottom structure, and the bullish trend is officially established. The morning’s high-range consolidation is a normal pre-boost rest after a big rally, not a sign of weakening upward momentum. Support levels are solid below, buying interest is strong, and pullbacks are good entry points for low buying. There is still room for further upward movement. Short-term fluctuations at high levels are just shakeouts and reaccumulation, not recommended to chase blindly. Wait patiently for support to stabilize before entering positions to confidently capture the wave of upward trend.
Operational suggestions
Gradual long entry zone: 4,680-4,690
Target zone: 4,730-4,780
Summary
The current market is in a high-level consolidation and accumulation phase, with institutional funds supporting and the bullish trend intact, but short-term volatility is increasing with frequent shakeouts. In operations, avoid chasing highs, wait for pullbacks, focus on support levels, and implement strict risk control. If BTC holds above 80,000, the bullish trend continues; otherwise, beware of short-term pullback risks.