TechFlow News: On May 4, QCP Capital published an analysis noting that after a stable performance in April, Bitcoin extended its strong momentum into early May, breaking above the $80,000 threshold for the first time since January 31. BTC’s price rise occurred even as Strategy paused its Bitcoin purchases this week—indicating that market momentum is no longer solely reliant on the “HODL narrative” but is gradually shifting toward broader capital support. Spot ETF inflows remain a significant tailwind, with approximately $163 million in net inflows recorded last week. A key near-term market focus will be whether BTC can sustainably hold above the CME gap range of $82,000–$83,000; this range will serve as a critical inflection point for the continuation of the short-term upward trend.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
