5/6 ⭐ BTC Market Update (Telegram: btcfengling) BTC is still pushing higher, with the price approaching the upper edge of the daily channel. Currently, there is no obvious heavy selling pressure on the market, and the pullbacks are minor, indicating that the short-term bullish structure has not been broken. However, there is also a need to watch for divergence risks in the indicators in the short term. Today’s focus is on 80,600. As long as the price stays above 80,600, the short-term remains relatively strong, with potential for further upward movement, with resistance first at 83,500 / 84,500. But if it falls below 80,500, watch for a retest of 79,400, which is a key bullish observation point. If 79,400 cannot hold, then look at 78,100 below. Considering the funding rate, it has turned negative, indicating that short positions are increasing at high levels. Therefore, in the short term, it’s possible to see a sweep of longs before a decline. Summary: Above 80,500 is relatively strong; a break below indicates a retest. Do not chase longs now, wait for key levels to be confirmed. #BTC

Until yesterday, BTC’s 8w gap has been completely filled. Right now, only a small gap remains around 7w. I didn’t expect the 8w gap to take 3 months to get filled. When the gap wasn’t filled in March, I thought it would be difficult to fill it in a short period of time—at least, only after the price bottomed out and then started moving upward would the gap be filled. Because the probability of filling the gap within 1 month is the highest, if it goes beyond 1 month you’ll need to wait longer for the gap to be filled. The consensus for this bear market is so strong that the market is everyone shorting. And since up to now no black swan has shown up in the late stage of the bear market, it has led to a break-down and drop in price. Perhaps this time going short is the wrong move? My short positions are still continuing to lose money; I haven’t hit my stop-loss yet, but I expect that this short will get stopped out. $BTC ‌#Gate广场五月交易分享

MicroStrategy founder Michael Saylor announced that they may sell some Bitcoin to pay dividends to demonstrate the strategy's viability. The company has consistently informed the market in advance, but actual sales still tend to trigger short-term declines. #Gate广场五月交易分享