May 7th, Thursday Morning Bitcoin Market Outlook

Although the market is still operating at high levels, the bullish momentum has clearly weakened, and short-term signs of pressure have appeared. The opening of today’s session is particularly critical; if the market cannot continue to increase volume and push higher, it is highly likely to enter a high-level pullback phase. Currently, selling pressure above is gradually increasing, and the risk of chasing longs is rising.
From a structural perspective, the 80,000 level has formed a temporary support, but resistance around 83,000 remains obvious, and in the short term, the trend is more inclined toward a rise followed by a pullback. In terms of trading, it is not recommended to blindly chase the rally; instead, focus on short opportunities after rebounds.

Trading Suggestions:
Short in batches within the rebound range of 82,500-83,000!
The intraday target is to see a decline to 81,000-80,500, and if broken, continue to look for a retest space!
#Gate广场五月交易分享 #美股加密概念股走强 #美债收益率破5% #BTC回调 $BTC