May 15 Cryptocurrency Market Analysis

Today, the crypto market bottomed out and rebounded, with oscillations and recovery. BTC stopped falling and rebounded back above 81,000, with bearish momentum easing, and market sentiment cautiously improving. Bitcoin's current price is around $81,400, with a 24-hour increase of about 1.6%. It dipped to 78,700 intraday for strong support, rebounded to 81,900 but faced resistance, and buying interest at lower levels gradually appeared. Ethereum also recovered in tandem, reporting $2,295, up 1.3%. Mainstream coins saw slight rebounds, the altcoin sector stabilized after declines, and market panic sentiment eased.
The entire network experienced about $326 million in liquidations over the past 24 hours, with a higher proportion of long positions being liquidated, indicating leveraged longs were being cleared. The fear and greed index is at 43, in the fear zone, with short-term selling pressure gradually easing.
On the news front, a rally in US tech stocks boosted risk appetite; spot BTC ETF outflows slowed, reducing market hesitation; US inflation data remained hawkish, suppressing long-term expectations, with the short-term focus on recovery.
Technically, BTC's daily chart shows oscillation and recovery, with a stabilization at the four-hour support level. Resistance is at 82,200–82,600, and support is at 80,500–79,800. ETH faces resistance at 2,330–2,360 and support at 2,265–2,240. The short-term trend is mainly oscillating and recovering. Cautiously chase longs, consider light positions on dips, and short on rebounds with strict stop-losses, waiting for a clear direction.
⚠️Risk reminder: Cryptocurrency volatility is high. The above is for market analysis only and does not constitute investment advice. $BTC