May 15 BTC Market Structure Analysis

1. Market Trend: BTC rebounds strongly, testing support and resistance levels interchangeably, breaking below previous lows to drain liquidity, then quickly recovering, forming a bottoming and rebound pattern.
2. Bullish Logic: A quick recovery after a breakdown on the daily chart is not a sign of weakness, but a liquidity washout; bullish divergence appears on the order book, with bears crowding but the price unable to make new lows, large spot funds support the upward movement.
3. Current Position: Rebounded to the high point of the consolidation zone, approaching the key POC resistance level.
4. Trading Suggestions:
1. Bulls: Take profit on half or more of positions at current high levels; the area of heavy trading pressure suggests avoiding fighting the market.
2. Do not open new positions for now: No suitable entry points for long or short positions at the moment.
3. Future layout: If a false breakout + bearish divergence occurs at high levels, consider a reverse short; if a slight pullback then breaks above the previous high, wait for order book signals before making a decision.
5. Market Status: The market is in a grinding, churning pattern, with both sides easily triggering stop-losses; funding rates remain negative, retail traders chasing longs and then reversing to short actually push the market higher.