#Gate广场五月交易分享

This Week's Bitcoin Market Summary

This week, Bitcoin prices fluctuated around $80k, showing a pattern of rising sharply and then pulling back, with increased market debate between bulls and bears.

Strong surge at the start of the week: On May 4th, Bitcoin briefly broke through $80,594, reaching a new high since February 2026. Continued inflows of institutional funds and easing US-Iran tensions boosted market risk appetite.

Pullback after hitting $80k: On May 5th, prices stabilized above $80k, reaching a high of $81,323, but then declined. On the 7th, it briefly fell below $80k to $79,498, indicating heavy selling pressure above.

Clear institutional support: US spot Bitcoin ETF funds continued to flow in net, with major products like BlackRock's IBIT attracting over $500 million in a single day. Institutional holdings surpassed 7%, serving as a key support for the price.

Technical key levels under debate: Currently, prices are oscillating around the weekly support level of $78,500. Holding this level could allow another challenge of the $82k–$84k range; losing it might lead to a retest of $75k.

Macroeconomic influences intertwined: Non-farm payroll data showed strong employment, but slowing wage growth reduced inflation concerns. Coupled with expectations of a Federal Reserve leadership change, market views on rate cuts remain divided, creating complex impacts on Bitcoin.

Core conclusion for this week: Bitcoin remains in a volatility-driven, institution-led sideways upward channel. Short-term fluctuations reflect active switching between bulls and bears. The medium- to long-term trend depends on sustained ETF fund inflows and global liquidity expectations.