May 17 BTC Analysis

Core Reasons:

The 80k–82,000 range has been under continuous pressure, with the market repeatedly failing to push higher.
Recently, U.S. Treasury yields have risen, the dollar is relatively strong, and funds are becoming more cautious toward risk assets.
However, ETF funds still have medium- to long-term support, indicating that institutions have not completely turned bearish.

Today, focus on these key levels:

Support:
77,800
77,200
Strong support 76,500
Resistance:
78,800
79,500
Strong resistance 80,500–82,000

Short-term trend judgment:

If BTC cannot break above 78,800, it is likely to continue weak consolidation today, with a higher probability of testing 77,200.
If it breaks below 77,200, the bears may accelerate, targeting around 76,500.
But if volume increases and it reclaims 79,500, there will be another attempt to push toward 80,000.

Trading strategy (4-hour level):

Aggressive:
Short positions above 78,800 with a slightly higher bias
Watch for profit-taking around 77,200
Conservative:
Wait to see if there is a volume rebound in the 76,500–77,200 zone
Do not blindly chase shorts at the current position

Currently, the market looks more like:
“Institutional funds are long-term bullish, but macro pressures are causing short-term weakness.”

Therefore, today’s bias:

During the day: sideways with a bearish tilt
In the evening U.S. session: volatility may increase

⚡ Daily Market Analysis 📈, the author publishes short-term resistance and support levels daily. Since everyone's trading system and mindset are different, group members can reference these resistance/support levels and combine them with real-time geopolitical and economic policies to choose the method that suits them best for trading.