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

Odaily Odaily reports that QCP Capital's analysis indicates that after a solid performance 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 net inflows of approximately $163 million last week. Amid Strategy's suspension of Bitcoin purchases this week, BTC still managed to rise, suggesting that market momentum is no longer solely reliant on the "HODL narrative" but is gradually shifting towards broader capital support. The key for the market going forward is whether BTC can effectively hold above the CME gap zone of $82,000 to $83,000, which will serve as the core watershed for the continuation of the short-term upward trend.