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Non-farm data has landed, and Bitcoin is still holding steadily above the 80,000 level. In mid-May, keep a close watch on the progress of the Iran–U.S. negotiations, as well as the pace at which crypto-related legislation is advancing.
Over the weekend, the market edged higher step by step, and the overall bullish setup remains dominant. It’s currently in a high-level consolidation and rest phase. The resistance around the 83,000 area is strong, while the key support at 79,000 below is also very solid. Early next week, the focus will be on whether the market breaks out and chooses a direction. Personally, I still lean toward a pullback correction first.
Trading strategy: Place short orders in the 82,500–83,000 range, targeting the 80,000 area below.
Long positions are currently out of the market, and short positions have been entered.