I rotated my BTC and ETH shorts to longs $90k and $3k are coming sooner than we think As long as the war doesn't cook us

The pigeon has come back to post again. After being bullish last time, it dropped significantly. Can it win this time? ～～～～ I haven't posted in a while, mainly because I don't hold a particularly strong opinion about the cryptocurrency market. Trying to trade in the clearly more profitable stock market feels like suffering. The opportunity cost is real, but I finally see a setup I’m willing to bet on again. Since my last post, my bullish view has been correct (it just happened to prevent me from exiting, but ultimately led to a rally). For me, the $80k BTC level is significant because it marks the first signs of a range recovery since the downtrend began in September 2025. What’s currently missing is a narrative framework for cryptocurrencies, but I still hold the view: in the crypto space, price movements almost always lead fundamentals. Therefore, I am confident that once we can stay above $80k for a prolonged period, speculators will start to return again.

Bitcoin currently (May 5, 2026) shows a bullish signal in the short term after successfully breaking through the psychological level of $80,000. This increase is driven by the easing of geopolitical tensions in the Strait of Hormuz through "Project Freedom" and progress in the regulation of the RUU CLARITY Act in the US. Here are today's technical details and market sentiment: 📈 Main Technical SignalStatus: Strong Buy based on the moving averages (MA) from 5 to 200 days. Pivot Point: Around $79,885. Prices holding above this level reinforce the upward trend. Momentum Indicators: RSI (14-day): Neutral (~54.8), indicating room for further gains before overbought conditions. MACD: Shows a buy signal, although some analysts warn of bearish divergence on the 4-hour timeframe. POC (Point of Control): Migrating upward toward $80,150, indicating the market is beginning to accept higher prices as the new fair value. Key Levels to Watch Resistance (Target Gains): $82,000: 200-day EMA; daily close above this level is the most crucial breakout confirmation. $84,500: Target to close the large CME Gap. $92,000 - $98,000: Next target if the upward trend continues steadily. Support (Downside Limits): $78,750 - $80,150: The nearest support zone that must be maintained. $75,000: Strong support (50-day MA); if broken, price could drop to around $70,000. Market Sentiment & Drivers 🚀 Geopolitics: The announcement of US ship escort operations ("Project Freedom") lowers risk premiums on oil and the dollar, which has historically benefited risk assets like Bitcoin. ⚖️ Regulation: New compromises on the CLARITY Act related to stablecoin yields increase the chances of passing major crypto legislation in the US this month. 💰 ETF Fund Flows: Continuous inflows for five consecutive weeks indicate stable institutional support despite previous selling pressure. 🎯 Conclusion: The main focus today is whether Bitcoin can close above $82,000. If it fails, the market is likely to consolidate again in the $75,000 - $79,000 range. If you want to monitor these movements more specifically, let me know if you need: Analysis of specific technical indicators (such as Bollinger Bands or Fibonacci). Information on the schedule for US macro data releases this week. Details on year-end price targets from various analyst firms. #WCTCTradingKingPK