BITCOIN : MOMENT DE VÉRITÉ AUX $80,000 ! 🚨

This analysis focuses on Bitcoin's potential to reach its CME gap above $80,000, along with a quick overview of indices, the dollar, and oil. The report code, which indicates institutional interest in longing a specific crypto on the CME, is available for VIP members. To access this, users need to register on Wix via a partner link, be active on the platform (creating spot or future trades), and then fill out a form to get Discord access. Once in Discord, they use a specific command to link their Wix account and gain access to VIP crypto channels and the market review report. Regarding Bitcoin (BTC), the analysis suggests that the primary objective for May is to address the CME gap between $80,500 and $84,400. While the price has stopped short of this gap, it remains the likely target, even with potential dips. Such dips might involve clearing recent lows to reset before continuing towards the gap. Examining order flow, the spot market is consistently showing buying interest, with the CVD (Cumulative Volume Delta) rising, indicating strong demand. Funding rates are often negative, which doesn't necessarily imply widespread shorting but rather that demand is driven by the spot market, and the spread favors spot over derivatives. This suggests a healthy market without excessive FOMO (fear of missing out) on derivative products. Open interest has also consolidated, indicating that leverage has been reset over the past weekend as many long and short positions closed. A potential dip below the last low at $76,900 to purge stops before a continuation is considered possible, as it would align with the overall goal of filling the CME gap. The analysis also considers the broader market context, particularly U.S. indices. American indices, especially the Nasdaq, continue their upward trend, having reached new highs. While retracements are possible, dips are generally seen as buying opportunities. This bullish outlook is partly tied to the Dow Jones, which is expected to reach new all-time highs (ATHs) beyond its February peak and its 2026 highs. As long as the Dow Jones hasn't achieved its ATH, the S&P and Nasdaq are expected to continue pushing higher. The Russell index is also at a new ATH and shows strength, reinforcing the overall upward trend in risk assets. The dollar has filled its fair value gap and is currently facing some rejection, remaining in a bearish dynamic. It is expected to consolidate before revealing its next direction. Oil prices are showing less bearish movement than the dollar, with the fair value gap respected and a bearish dynamic continuing. While there are rumors, no significant impact on oil prices is expected unless a major conflict escalates. The market volatility index (VIX) continues to deflate, suggesting no systemic risk and encouraging buying dips in indices for further upward movement. U.S. indices have maintained strong momentum, with the last daily low being some time ago. The Nasdaq, for instance, could potentially reach 29,200 within this quarter, representing a 6-7% increase if momentum holds. However, re-pricing of impulse zones is anticipated at some point. Comparing Bitcoin futures and perpetual contracts, slight differences are observed. On futures, there was a liquidity grab that initiated an upward movement. On perpetuals, stops from last week's peak were cleared, suggesting a potential retracement. However, the overarching idea is that cleaning out daily lows around $76,000-$75,600 is not out of the question, especially if buyers need to be shaken out or if indices retrace due to market stress. Such dips would be seen as opportunities for continuation. The market has clearly begun working through this zone, and a return to the reloading zone to build a higher low before moving higher to address the CME gap this quarter is a plausible scenario. In the options market, speculation continues for Bitcoin at $80,000 and $82,000 for the May 29th expiration, with positions remaining open and profits not being taken. Although some positions at $84,000 have closed, the majority remain open, indicating continued speculation towards the $80,000-$84,000 range, which aligns with the CME gap. For Ethereum (ETH), the fair value gap on futures is being maintained, indicating a continuation signal towards the broad CME gap between $2,430 and $2,730. This gap is expected to be filled this quarter, likely within a bullish flow. There are also new week open gaps on both Bitcoin and Ethereum that might be filled before further upward movement. As long as the fair value gap zone is maintained, higher prices are expected. A retest of previous lows as a bearish trap before continuing to work on the gap is not ruled out. The market is confirmed bullish for this quarter, making all dips opportunities for upward continuation and gap filling. On Ethereum perpetuals, a bullish dynamic persists within a contracting phase, forming a triangle. If this resolves bullishly, it suggests continuation towards the gap. A bearish resolution would likely be a trap, as the overall movement remains bullish, and the target (the February peak, the monthly fair value gap) has not yet been reached. All dips are seen as traps to push prices higher. This outlook specifically pertains to the second quarter, acknowledging that subsequent quarters could see different market movements. A bearish breakout in this context would likely be a trap for continuation, similar to what was observed in Bitcoin during a previous contraction. In summary, the flow remains unchanged for the dollar and oil (range-bound for oil, bearish for dollar), which is encouraging for risk assets. The Dow Jones has not yet made an ATH, signaling continued bullishness for the Nasdaq and S&P 500 this quarter. Bitcoin, being highly correlated with the Nasdaq, is expected to follow suit. While deeper liquidity grabs than previously seen are not impossible, especially on BTC futures around consolidation zones, the clear objectives remain above current levels, targeting the $80,500-$85,000 range to address the CME gap. Overall, the quarter is projected to be bullish for risk assets, with oil in a range and the dollar showing a bearish bias, unless dynamics change.