QCP: The core watershed for the continuation of Bitcoin's short-term upward trend may be $82,000-$83,000

Odaily Planet Daily News QCP Capital released an analysis stating that after a stable 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. Despite 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 going 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.