QCP: The Core Watershed for Bitcoin's Short-Term Upward Trend May Be at $82,000-$83,000

Odaily Planet Daily News QCP Capital released an analysis stating that after performing steadily in April, Bitcoin continued its strong momentum in early May, breaking through the $80,000 mark for the first time since January 31. Spot ETF inflows remain a significant positive factor, recording approximately $163 million in net inflows last week. With Strategy pausing its Bitcoin purchases this week, BTC still managed to rise, indicating that market momentum is no longer solely dependent on the "HODL narrative" but is gradually shifting towards broader capital support. The key for the market moving forward lies in whether BTC can effectively hold above the CME gap range of $82,000 to $83,000, which will serve as the core watershed for the continuation of the short-term upward trend.