Crypto Circle Mr. Coin: 5.15 Bitcoin (BTC) Market Analysis Reference

For the current price of Bitcoin at 81,580, the daily chart price is still trading above the middle band of the Bollinger Bands. The medium-term bullish structure has not yet been broken, but the MACD indicator’s red bars are continuously shrinking, and upward momentum is weakening. Overall, it is in a high-level consolidation with a slightly bullish bias.

On the short-term 1-hour and 2-hour cycles, prices are rising rapidly and the Bollinger Bands are opening upward, but the RSI and KDJ indicators have entered the overbought zone. There is a short-term technical pullback requirement, and the risk of chasing the rally is relatively high.

The core resistance zone above is 82,000 to 83,000, and combined with the previous highs and the pressure from large sell orders, the difficulty of a short-term breakout is high. The first support is at the 80,000 psychological level. The strong support zone is 78,000 to 78,500—this is also the starting point of this round of rebound. If the pullback does not break down, the rebound trend will continue.

In terms of strategy, aggressive traders can go south with a light position at the current price. As the market volatility is intensifying at this stage, it is recommended that everyone reduce leverage, strictly control positions, and participate in trading rationally and in compliance. Follow Mr. Coin to parse the market in real time.

5.15 Bitcoin short-term reference:
Go south within the 81,800-82,800 range. Defend 83,500. Stop loss: 500.
Targets: northbound toward the 78,000-77,500 range below 80,800. Target above 752200. Stop loss: 500.
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Strategy suggestions are for reference only. The market changes rapidly. No matter how well you understand and grasp the market direction, you must always set take-profit and stop-loss properly to lock in profits.
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