Bitcoin fluctuated over the past 24 hours between 80,724 and 82,828, with a daily gain of 0.54% and a weekly increase of 6.6%. As of May 7, it is trading around 81,700 and is at its highest levels since the end of January. On a monthly basis, there is a premium of over 19%.

On the daily chart, the MA structure is maintaining a bullish alignment. CCI is at 202.9, WR is at -18.2—both are in the overbought zone. The RSI is in the 69–70 range, very close to the overbought threshold. The Bollinger Bands are widening upward, and momentum is strengthening. However, the 4-hour MACD has produced a death cross, weakening short-term momentum. On the 15-minute chart, there is a bearish alignment, indicating minor pullbacks.

Volume has increased noticeably along with price, suggesting stronger capital participation. On the ETF front, the picture is clear: on May 5, there was a $467 million inflow in a single day, marking the fourth consecutive day. Total ETF inflows for April reached $2.44 billion, the strongest monthly figure since October 2025. Total net assets have reached $108.98 billion.

The Fear and Greed Index is at 45, the 7-day average is 39, and the 30-day average is 28. Market sentiment is officially still in the fear zone, but it is trending upward. On social media, the picture is different: according to Santiment data, the ratio of positive to negative comments about Bitcoin is 1.37:1, the highest in about four months. Retail investor optimism has risen noticeably.

On the strategy front, there was a noteworthy reversal signal from Saylor. After the company reported a net loss of $12.54 billion in the first quarter, Saylor said it may sell Bitcoin to finance dividend payments. The company currently holds 818,334 BTC and has raised $11.68 billion since the start of the year.

On the CME side, there are two critical gaps: the first is around $84,000, and the current price is moving toward this level. In the bigger picture, there is a second gap at $93,000, which analysts cite as a medium-term target.

On the geopolitical front, the pause in the U.S.’s operations in the Strait of Hormuz and a potential memorandum of understanding with Iran are another factor supporting risk appetite. Brent crude oil fell by 6%, and Nasdaq futures rose.

To watch:

· A weekly close above 82,500, surpassing the 200-day EMA (82,093), is critical to confirm the trend. If it sustains above that level, the next targets would be the $84,000 CME gap and the active realized price target of $85,200.
· Continued ETF inflows are important for the durability of institutional demand.
· The 4-hour MACD death cross and the overbought pressure on the RSI keep the possibility of a short-term correction on the table. A pullback below 80,000 would deepen the correction.
· Any potential BTC sale by Strategy and its impact on market sentiment should be closely monitored.

In summary, the daily chart is bullish, and fund flows are positive, but the weakening in short-term indicators and the overbought levels keep the possibility of a correction on the table. Volume sustainability, ETF flows, and Strategy’s balance-sheet dynamics are the main themes for the coming days.
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