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Market Trend Analysis: $BTC (2026-5-16)
Bitcoin’s weekly pullback has reached the lower supply-and-demand zone, which is also the two most critical support levels (78500, 75800). On a weekly basis, only if these two key support levels are consecutively broken can it truly begin to break down to new lows 📉
Personally, I have been holding my short position around 81 and I opened one hedge, against the long positions, to prevent profit retracement. Keep holding the high short position; short-term long positions also need to be done.