5.3 Sunday Afternoon BTC Analysis

Current BTC price is 78657.9 USDT. After a short-term spike to 79145, it quickly fell back, clearly showing bullish momentum has been exhausted. The intraday spike-and-retrace formed a long upper shadow. On the surface, it appears as if the main buy orders are propping up the move, but in reality it looks more like a high-level trap to lure longs and take their bids at higher prices, with suspicion of short-term net capital inflows used to push prices up before distributing. Overhead sell pressure is concentrated and released, and volume at high levels is shrinking. In terms of execution, it is recommended to mainly short on rallies.

If the rebound is met with resistance and fails to break through the resistance level, you may arrange short positions in a timely manner. If the price effectively breaks below the Bollinger middle band, you can ride the move and add to shorts to further open up downside space.

Trading suggestions:
BTC: Short in the 78900–79800 range, target 77800–77100

One sentence:
High-level rebound faces resistance; short accordingly, and if it breaks below the middle band, add to the position#WCTC交易王PK #美国寻求战略比特币储备 #美联储利率不变但内部分歧加剧 $BTC $ETH