Morning Bitcoin Analysis 5.15



Yesterday, Bitcoin first fell and then rebounded. It was boosted by positive news from the scheduled China-U.S. meeting, and strengthened sharply in the evening. In the early session, a long position was entered precisely around 7.92, successfully capturing a profit of 2.8K. Looking at the 4-hour chart, the Bollinger Bands continue to tighten, liquidity weakens, and the MACD bullish crossover shows upward divergence. In the morning, a further pullback is needed to build strength. This V-shaped reversal is mainly driven by news sentiment; during the daytime session, pay close attention to resistance at the upper band and any new positive developments. Currently, Bitcoin continues to consolidate in a high-range. In the morning, you can test downside support with a short; short 8.17-8.23, targeting 8.05-8, $BTC
BTC1.42%
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