Market Trend Analysis: $BTC (2026-5-6)

All subsequent analysis will be based on weekly or daily levels. I know everyone has been waiting for my "bearish analysis."
But actually, I’m not stubbornly bearish; it’s about trading psychology. Because if you only look at the technical side and the capital situation, the current market is still dominated by bulls~
Weekly level:
A very simple logic: last week’s candlestick formed a doji bearish candle, which indicates that when encountering resistance above, bears dumped heavily, but ultimately the bulls took control of the victory, keeping the price near the resistance level (convenient for volume to continue breaking through 📈). This is also the core reason why it was able to break through directly this week.
From a technical perspective, having just broken through an important resistance with volume, we are still in the very early stage of a bullish move~
Key‼️
But my bearish outlook remains based on the bottoms of two declines at the weekly level, including the current 59 bottom that appears as a double bottom pattern. In fact, it’s not enough to support a violent bull run with strong capital inflows, so I remain firmly bearish, expecting medium- to long-term downside.
Currently, we are just following a small new high scenario. The higher the price goes, the more capital it attracts, which makes it easier for early accumulated funds to exit.