#Gate广场五月交易分享 The market yesterday showed a pattern of "BTC stabilizing, ETH oscillating," with relatively light trading over the weekend, maintaining an overall bullish trend but with weakened momentum.

Bitcoin Market Analysis

Technical Analysis

Short-term trend: Four-hour timeframe shows a bullish divergence signal, with the price falling from a high of $82,800 to $79,100 and then stabilizing and rebounding, currently in a phase of oscillating upward correction.

Key support levels:

First support: $80,000–$80,150 (recent rebound support level + hourly upward trend line)

Second support: $79,000 (mid-term support/resistance, a breakdown would trigger a deep correction)

Key resistance levels:

First resistance: $81,800–$82,000 (recent high point, with obvious selling pressure)

Second resistance: $83,000 (daily macro barrier, an effective breakthrough would open upward space)

Technical indicators:

The daily chart still shows a bullish alignment, but RSI has fallen from overbought territory to a neutral zone.

The 15-minute candlestick chart shows a slowdown in upward slope, with the MACD red bars continuously shortening, indicating short-term high-level oscillation needs.

Funding and on-chain data:

Spot ETF funds continue to flow in net, with institutional locking reducing circulating chips further.

On-chain activity is at a two-year low, with about 203k new addresses per day. The current rally is driven more by existing capital game theory, and sustainability should be watched carefully.

Derivatives market: The short squeeze intensity has decreased; slight upward movement may still trigger a short squeeze, but overall leverage levels have decreased compared to earlier periods.

Intraday Trading Strategies and Risk Warnings:

Long positions: Lightly go long on dips around $80,000–$80,050, with a stop loss at $79,500, targeting $81,500–$81,800.

Short positions: Short on rebounds to $81,500–$81,800 resistance, with a stop loss at $82,200, targeting $80,500–$80,000.

Risk Warnings:
1. Weekend market liquidity is low, prone to extreme volatility; reduce positions accordingly.
2. The U.S. Senate will review crypto regulation bills next week, which may cause significant market fluctuations.
3. Geopolitical changes could impact risk assets.
4. Divergence between on-chain activity and price increases warrants caution against profit-taking risks.

Special Reminder: The above analysis is for reference only and does not constitute investment advice.