Crypto Circle Mr. Coin: 5.14 Bitcoin (BTC) market analysis

Currently, the main coin price is around 79,300.
The intraday decline is 1.46%, and net capital outflow exceeds 100 million, indicating obvious short-term selling pressure.
On the daily chart level, price tests the Bollinger midline support to the downside.
Although the overall upward channel has not been completely broken, the MACD indicator has already shown a bearish divergence followed by a death cross.
Upward momentum is clearly weakening, and the risk of a mid-term pullback is accumulating.

On the 4-hour and 2-hour cycles, the downtrend has already been established.
Price breaks below the Bollinger midline, and downside momentum continues to release, making the short-term outlook weak.
However, on the 1-hour timeframe, price has entered an extreme oversold range.
RSI and KDJ indicators turn upward from low levels, and the MACD green histogram shrinks.
There is demand for a technical rebound.

Overall, the current main coin is in the pullback phase within a mid-term uptrend.
In the short term, there may be an oversold rebound window, but the rebound does not change the main downward pattern.

In terms of trading:
Short-term traders can take a small position to try going north (quick in, quick out).
Watch the resistance zone of 80,000–80,500.
Trend traders may wait for the rebound to reach key resistance levels to position south, focusing on defending against the breakout risk above 81,000.

Whether going north or south, be sure to strictly control position size, manage risk well, and do not treat a rebound as a reversal.

Follow Mr. Coin for real-time market analysis.

5.14 Bitcoin short-term reference:
Go south in the 80,300–81,300 range, defend at 82,500, and set a stop loss of 500 points.
Targets are below 79,500, in the 78,000–77,500 range.
Target above 752200.
Stop loss of 500.

Message sending has delays; strategy suggestions are for reference only.
Market conditions change rapidly.
No matter how accurate your judgment of the market is, make sure take profit and stop loss are set properly.
Secure your gains.

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