The analysis shows that BTC has not yet stabilized 6000, and the short-term market is dominated by consolidation.

According to TokenGazer data, bitcoin broke through the 6000USDT mark in the short-term today through the Ethereum rumors of Ethereum and Fidelity's launch of bitcoin institutional trading news, currently (as of 18:00 on May 7) 5935.58USDT. In terms of futures, Bitfinex and BitMEX accounted for 52.41% of total single orders, and total short orders accounted for 47.59%. Bitcoin shorts and shorts were smaller. Judging from the market transaction level, it is difficult to break through the position of 6300USDT in November 18 in the short-term. In the short-term, the market is dominated by consolidation. However, institutional investors are gradually entering the market and will benefit the market in the long run.