Bitcoin Public Reference on the 7th:

1. On the daily chart, after continuous upward movement, RSI approaches 70 overbought zone, volume has not increased simultaneously, a long upper shadow remains after a sharp rise, indicating clear selling pressure.
2. On the hourly chart, the Bollinger upper band at 81,366 acts as a strong resistance, the price quickly falls back after rising, forming a bearish engulfing pattern.
3. From the news perspective, on May 6th, MicroStrategy announced a Q1 net loss of $12.54 billion, due to an unrealized loss of $14.46 billion on its holding of 818,334 BTC.
Institutional BTC holdings expose risk, market worries about large institutions reducing holdings, dragging down market sentiment.
Trading suggestion: A rebound to around 81,500-82,000 can be a short-term entry point.
First 🎯 80,500-80,000
If the price breaks above 82,000 and does not effectively pull back, it can be followed for a rebound.