#BTC

Early morning this wave of plunge, is it a shakeout or has the trend changed?
Wolf Analysis | 2026.05.12
BTC 81,150 | ETH 2,315 |
SOL 97.36 | BNB 670.6
BTC hit a low of 80,463 early morning, then quickly rebounded to around 82,195 to face resistance, currently consolidating around 81,150 with low volume. The 4H structure shows: after the price dipped to support at 80,500, buying appeared, but there is clear selling pressure in the 82,200-82,500 range, with short-term stalemate between bulls and bears. ETH trend is relatively weak, rebounded after falling below the 2,300 mark last night, currently facing resistance around 2,340 and pulling back to 2,315. SOL is the only mainstream coin in the red, rebounding from 94.30 to above 97 in the morning, but volume has decreased above 97.5.
Today's core drivers:
1. BTC miners' holdings have been decreasing recently, short-term selling pressure remains
2. US Treasury yields stay high, risk asset sentiment remains pressured
3. ETH/SOL exchange rate is strengthening, market style favors small-cap sectors like SOL
Wolf judgment: The current market is not strong.
BTC's sharp drop early morning tested support at 80,500, though it didn't break, the rebound was weak—indicating bulls are not resolute here. If the price cannot regain above 82,000 in the next 4 hours, it is more likely to enter a sideways weak pattern, possibly testing the psychological level of 80,000 again. ETH trend is weaker, with limited decline, look for low point opportunities. SOL's relative strength indicates capital rotation within the market, but no new capital inflow signals.
Next focus: Can BTC hold above 81,500, and can trading volume pick up again? If the rebound is with decreasing volume, be more cautious.
What do you think about this level now? Is it an opportunity or a trap?
⚠️ Risk warning: The above is only market record, not investment advice. Cryptocurrency markets operate 24/7 with high volatility, please strictly control your positions and make rational decisions.
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