Waiting for the storm to rise, calmly taking profits and returning.

Bitcoin faces pressure and pulls back, losing the 80,000 level; from a market structure perspective, the price has formed three consecutive lower highs since early May, but no lower lows have appeared yet. The overall structure leans toward a bearish trend, but a full reversal has not been confirmed.

Technically, the daily short-term moving averages are turning downward, and the MACD red bars are shrinking continuously, indicating that the upward momentum is significantly weakening. However, the medium-term moving averages are still in a bullish alignment, so the technical structure still has a chance to hold. The 4-hour RSI has fallen back to around 35, near oversold levels, suggesting a technical rebound is needed. Both the daily and 4-hour Bollinger Bands are compressed to historically extreme levels, and such extreme compression historically signals a major directional volatility.

On the technical side, the massive whale group has reduced their holdings by 7,650 BTC, which is a key driver of this decline. Tonight’s CLARITY bill review is the biggest variable; passing it would mean a quick rebound, while failure could trigger market panic, causing the price to continue dropping toward around 76,000. Tomorrow, Waller will be sworn in as Federal Reserve Chair. Waller’s stance at the hearing was relatively dovish, and if he follows through, it will provide liquidity support to the crypto market. Additionally, the results of Trump’s visit to China are positive, which can also reduce geopolitical risk premiums and benefit risk assets.

Overall, Bitcoin is currently in a typical pre-storm state. As long as it does not effectively break below 79,200, the upward structure remains intact. The market still has the initiative, and short-term trading is likely to range between 79,200 and 80,500, waiting for news to settle.

Intraday short-term trading suggestion: buy on dips near 79,200, with a target of 80,500. $BTC #特朗普5月13日访华