$BTC 11th Bitcoin’s public midday outlook today:



From the daily chart, the upward trend that started from 59,800 has not been broken; the price is above the middle band of the Bollinger Bands, the moving averages are aligned bullishly, the long-term EMA120 is turning upward, and the medium-term trend is recovering.

On May 15, Federal Reserve Chair Powell stepped down. The newly appointed chair, Waller, is slightly dovish, and the market expects rate cuts to start in June; a weaker U.S. dollar is favorable for BTC.

When QT ends in December 2025, the Federal Reserve’s balance sheet reduction will end as well; historically, after QT ends, BTC typically enters a major rally cycle.

Trading suggestion: go long on a pullback to around 80,000–79,500
First 🎯81,000
Second 🎯83,000
If ⬇️ it breaks below 79,500 with no sign of a rebound, then you can look for further downside accordingly
$BTC ‌#Gate广场五月交易分享 #比特币波动
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