Crypto Circle Mr. Coin: 5.18 Bitcoin (BTC) market analysis references the current price of around 76,900, on a daily chart. The big coin has been falling from the high of 82,828. It has now broken below the Bollinger middle band, which has shifted from support to resistance. The upper band continues to flatten, and upward momentum is clearly weakening. RSI has fallen to around 30, entering the oversold zone, but after the MACD death cross, the bearish momentum is still being released. The KDJ lines are diverging downward; although the J value is oversold and shows a rebound demand, the overall trend has weakened.



Looking at the 4-hour chart, the price has directly broken below the lower Bollinger band, temporarily stabilizing around 76,666. The Bollinger bands are opening downward. MACD remains in a death cross, continuing downward, and RSI is also operating in a weak zone with no clear reversal signal, indicating that the current rebound is just a weak correction, and bulls have no short-term dominance.

After the sharp drop, there was a slight rebound near 76,666. Currently, the price is hovering around the lower Bollinger band, with the middle band at 78,000 acting as a strong resistance. Although the MACD bearish momentum has decreased somewhat, no clear reversal signal has appeared yet. The KDJ is also just moving sideways at low levels, and the rebound strength is very limited.

In the short-term hourly chart, despite the oversold correction demand, the main trend has already turned bearish. The market is under heavy selling pressure, with net inflow directly reaching -355 million. Do not hold heavy positions to gamble on a single direction; follow the trend to survive, and there will be a chance to recover profits.

The key is whether the support at 76,000-75,000 can hold in the next couple of days. If it holds, there is still a chance for oscillation and correction. If it cannot, deeper retracements are ahead. Follow Mr. Coin for real-time market analysis.

5.18 Bitcoin short-term reference: a downward move in the 78,500-79,500 range, with support at 80,500, stop loss at 500 points. The target is below 77,500, aiming for the 74,500-75,500 range. An upward move above 76,500, with a stop loss of 500 points. Message delivery may be delayed. Strategy suggestions are for reference only. The market changes rapidly; no matter how confident you are in your judgment, always set stop profits and stop losses to secure gains.
BTC-3.77%
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