#GateSquareMayTradingShare

#btc
$BTC ‌
Bitcoin fell back to the 79,848 dollar level in the last 24 hours under heavy sell stress and tested under the key 80,000 dollar mark. Day moves ran in the 79,848 to 81,314 dollar range, while short-term worry stood out in the market. Though it lost more than 1% on the day, the main trend build shows no big break for now.

Sell stress is felt a lot on short-term charts. In detail, 15-min and 4-hour RSI data down to the 24 level shows the market is in the oversold zone. These levels are often tracked as spots where buy backs may start after sharp drops. After the fast pullback in the last hours, the chance of a short-term mend is now strong.

Even so, the daily chart view still stays up. With MA7 above MA30, and MA30 above MA120, the mid and long-run up trend holds. This build shows that large holders did not leave the market fully and the main up path still goes on.

On key levels, the 79,800 dollar zone is now the most vital short-term base. Holding this area is very key for trust to form again in the market. On a move up, the first cap sits at 81,300 dollars, and a clear pass may bring new push to the 82,500 and 84,000 dollar band. But if sell stress lasts, the 78,500 dollar zone may come back on the table.

The key point in market mood is that swings rose again. Sharp turns in short-term trades may be hard for traders. The rise in trade size during the last

#Gate广场五月交易分享