$BTC

Bitcoin is testing the closely watched $82,000 CME gap after trading between $80,462 and $82,134 over the past 24 hours. The level defines the immediate bull-bear pivot for short-term positioning.

Resistance stacks at $81,000 initially, followed by $82,300, the 200-day SMA near $82,595, and the early May high at $82,814. A daily close above $82,814 would open a path toward the CME gap top near $84,000.

The 4-hour and daily moving averages remain in bullish alignment with MA7 above MA30 above MA120, supported by strong ADX readings. Momentum shows early cooling as the 4-hour MACD formed a death cross.

Market makers hold short gamma exposure around $82,000, creating potential for accelerated moves on a breakout. This dynamic can amplify upside if price accepts above the gap zone.

Sentiment remains optimistic with 57 percent positive discussions, though social activity declined 43 percent to 495 posts in three days. Institutional flows stay constructive, with Strategy adding 535 BTC and ETFs posting six straight weeks of inflows before a $146 million outflow on May 8.

Key support rests near $80,337, followed by $79,525 and $78,539, aligning with prior CME gap fills. Volume recovery will determine whether the pullback stabilizes or extends.

A clean acceptance above $82,300 shifts focus toward $84,000 to $86,000, while rejection risks a retest of the $80,000 to $78,000 zone. The reaction at this gap will guide the next directional expansion.

𝑻𝒉𝒆 𝒕𝒓𝒆𝒏𝒅 𝒊𝒔 𝒚𝒐𝒖𝒓 𝒇𝒓𝒊𝒆𝒏𝒅 𝒖𝒏𝒕𝒊𝒍 𝒕𝒉𝒆 𝒆𝒏𝒅 𝒘𝒉𝒆𝒏 𝒊𝒕 𝒃𝒆𝒏𝒅𝒔. - 𝑬𝒅 𝑺𝒆𝒚𝒌𝒐𝒕𝒂

Not financial advice.
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