2026.5.11 Bitcoin (BTC) Silk Road

Today’s core Silk Road for Bitcoin: Short-term bullish, range-bound oscillation, key focus on breaking 825 and holding above 808 support, mainly avoid chasing highs, buy on dips

$BTC 805-810 range consolidation, with a bull flag at 798, watch 825 and 830

Funding: Institutions continue to buy, ETF net inflows strong
In the past week, Bitcoin spot ETF net inflows exceeded $1 billion, institutional buying has not stopped, whales continue to increase holdings, exchange reserves of Bitcoin have dropped to multi-year lows, selling pressure is low, and chips are tight

Technical: Bullish pattern, key levels not broken
Weekly: Oscillating upward structure, lows gradually rising (60k → 78k → 80k +), Daily: Above the 200-day moving average (≈820), a strong bullish signal, 4-hour: Rising wedge consolidation, upward bias, as long as the lower boundary isn’t broken, bullish, key support: 808/798, repeated tests without breaking, support is effective

Chips and sentiment: Above 80k, sellers are reluctant, retail investors are bullish
The 800–810 range has dense chips, main force is actively defending, a fall could be easily absorbed
Market fear and greed index is at 65 (greedy), but not at extreme levels, with room for further upward movement
This rebound is mainly driven by institutions and whales, retail chasing high is limited, upward resistance is small #BTC突破82000美元 #特朗普5月13日访华