5.4 Evening Bitcoin Market Outlook



In the afternoon, Bitcoin surged to 80,600, then quickly pulled back. In the evening, it saw heavy sell volume and dumped to around 78,150. Currently, it is in a weak range-bound consolidation around 78,600. Overall, the bears are in control. The negative impact from the Federal Reserve is still ongoing. Combined with the uncertainty of the Iran–US conflict, the risk of chasing long positions is high. Intraday, the main plan is to wait for rebounds to short at higher levels.

Trading suggestions:
Short on the rebound in the 80,000–80,500 range, targeting 78,200. If it breaks down, look for further downside to 77,700 → 77,200 $BTC $ETH #美国寻求战略比特币储备
BTC1.15%
ETH0.53%
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