Bitcoin has stabilized above 80,000 today, with the latest quote around 80,600. It has increased by 0.29% over the past 24 hours. Not aggressive, but quite solid.

The highest touched 81,000 during the day, and the lowest retraced to 79,97, with fluctuations less than 1,000 points, showing very small volatility. This kind of movement indicates buying pressure has been continuous, and selling pressure isn't heavy. Traders are holding their positions with a relatively stable mindset.

The moving averages are also trending smoothly, with MA5, MA10, and MA30 almost sticking together and moving upward. The price is hugging the moving averages without divergence. This pattern is a typical slow upward push, much healthier than a sudden large bullish candle. In the short term, the 80,000 level has been firmly established, with initial resistance above at the 81,000 to 82,000 range, and further up is 83,000.

Trading volume has gently increased over the past couple of days, with a daily volume of 22.8k Bitcoins, which is moderate. Coupled with a trading volume of $22.8k, it indicates spot trading is leading, not purely contract funds pushing the price.

Overall, bullish sentiment is gradually recovering but not overheating, which is quite comfortable. If volume can pick up and break above 82,000, the upside space will gradually open. Holding spot at this level is not panic-inducing, and those wanting to add positions can wait for a retracement near 80,000 before considering.

The direction is clear, but there's no need to rush—take it slow. $BTC ‌#Gate广场五月交易分享 #BTC重返8万