$80,800 Bitcoin, are you still waiting for an "epic correction"?

ETF has had net inflows of $3.4 billion for six consecutive weeks, Congress will review the "CLARITY Act" next week, MACD just turned positive——but just now, BlackRock was reported to have sold $237 million worth of holdings, RSI stuck between 53-65, neither here nor there. Is this wave a relay of institutional bullishness, or is the "bear market curse" on the 750th day after the halving about to come true?
First look at the surface: a slow bull that’s as steady as an ECG.
Over the past week, it rose from 78K to over 81K, market cap of $1.62 trillion, 24-hour trading volume of 16-18 billion. The candlestick chart shows: double bottom breakout + above the 200-day moving average, MACD golden cross continues: the small bull market isn’t over, don’t scare yourself.
First thing: ETFs are aggressively accumulating, institutions are buying with real money.
In the past six weeks, spot Bitcoin ETFs have accumulated inflows of $3.4 billion, six weeks of net inflows——the longest positive cycle since July 2025. BlackRock IBIT, Fidelity FBTC are daily absorbing holdings, ETF total holdings exceed 1.63 million BTC.
Exchange-held Bitcoin has dropped to its lowest level since 2019.
Second thing: Congress is about to vote, regulatory black swan is turning into a white swan.
On May 14, the U.S. Congress reviewed the "CLARITY Act." Once passed, the legal status of crypto assets will be clarified.
Now that the bill is out, banks, pension funds, and insurance companies can openly buy BTC.
Third thing: technical signals show two contradictory signs.
Good news: MACD just turned positive, above the 200-day moving average, double bottom confirmed.
Bad news: weekly divergence is slight, RSI has been stuck between 53-65 for three days——not enough overbought to excite, nor enough oversold to buy the dip. BlackRock was reported to have sold $237 million worth of holdings, on-chain data also shows continued selling.
One side:
Six weeks of net inflows of $3.4 billion from ETFs
Strong expectation of bill passing in Congress
Exchange holdings at 2019 lows
Technical breakthrough above $80k
The other side:
Institutions like BlackRock are selling ($237 million)
Weekly divergence, short-term upward momentum weak
750 days after halving, a historical turning point for the bear market
CPI and PPI data released this week may disrupt the rate cut rhythm
Key level at $80,800, just one breath away from a breakout.
Resistance above: $81,500 → $84k-$86,000 → $92,000-$100k
Support below: $78k-$79,000 → $74k-$75k (200-day moving average) → $65,000-$70,000 (super accumulation zone)
Short-term traders:
Wait for a pullback to $78,500-$79,500 before entering, stop-loss at $77,000 (exit if broken), first target to take half at $84,000. Strong breakout above $81,500 can chase, stop-loss at $80k, look for $86,000-$88k.
Swing traders:
Hold existing positions, take profit at $84K-$88K, exit 30-50%. Those who haven't entered, $76K-$78K is the golden accumulation zone.
Long-term believers:
The 200-day moving average at $74K-$75K is the iron bottom. Target of $90K-$100K+ by late 2026, betting on bill passing + ETF continuous inflows + rate cuts.
Bitcoin now is just like before the 2024 halving——
99% of people think "80K is too high to buy," but once the bill passes, it heads straight for 100K.
The longer it takes to break through 80K, the more explosive the breakout will be. #Gate广场五月交易分享 #BTC重返8万 $BTC $ETH