May 15 $BTC Comprehensive Market Analysis

News:
On May 14th, the U.S. Senate Banking Committee advanced the review and voting of the CLARITY Act (Cryptocurrency Regulatory Clarity Act), which is seen as an important step for the U.S. to incorporate cryptocurrencies into the mainstream regulatory framework, directly boosting market optimism. Bitcoin thus quickly surged to $82,000, and related stocks also strengthened.

In addition, the market is paying attention to Trump's visit to China (May 14-15) and macro geopolitical factors, but the progress of the CLARITY Act was the most direct positive news yesterday, easing the pressure from previous regulatory uncertainties. Overall, the news sentiment is positive, providing short-term support for risk appetite, but caution is needed regarding volatility caused by macro inflation data or geopolitical events.

Capital:
The U.S. spot Bitcoin ETF capital remains resilient overall. Recently (late April to early May), there have been continuous weeks/days of net inflows, with the total assets under management surpassing $100 billion, near the historical high of net inflows, in the range of approximately $58-62 billion.

Technical:
The support level I mentioned the day before at 79,200 was perfectly retested with a rebound. Currently, it is still oscillating within the range of 79,200 to 82,500. The current position remains unchanged; what needs to be watched is the risk of MACD high-level short positions on the daily chart at this level. In summary, there is unlikely to be a strong daily or weekend rally breaking through 82,500. Attention should be paid to the risk of a pullback at this level. In the short term, focus on the 15-minute downward correction, with support below the pullback around 80,000 to 79,200.