#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. The overall trend remained bullish but with weakened momentum.

Bitcoin Market Analysis
Technical Analysis
Short-term trend: A bullish divergence signal appeared on the four-hour chart, with the price falling from a high of $82,800 to $79,100 and then stabilizing and rebounding. Currently, it is in a consolidation and upward correction phase.

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, breaking below 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 (a key macro barrier on the daily chart; an effective breakthrough would open upward space)

Technical Indicators:

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

The 15-minute candlestick chart shows a slowdown in the 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 approached with caution.

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 previous 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: Lightly go short on rebounds to $81,500–$81,800, 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 the crypto regulation bill 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 for profit-taking risks.
Special Reminder: The above analysis is for reference only and does not constitute investment advice.