5.18 midday Bitcoin outlook: Geopolitical negatives are hammering the market! Bitcoin drops to 76,534—rebound resistance is now clear



In short, this Bitcoin drop is mainly because of geopolitical developments: Trump and Israeli Prime Minister Netanyahu discussed striking Iran, increasing the risk of US–Israel airstrikes, and pushing market risk-aversion to the max.

As soon as the negative news broke, Bitcoin was directly dumped down to 76,534.

For a short-term rebound, first watch the resistance zone at 77,700—78,500. Only if price holds and breaks through will the rebound be stronger.

The heavy resistance above is at 79,100—79,700. If the rebound climbs here, go short and just take profits from the pullback.
#TradFi交易分享挑战 $BTC
BTC-1.95%
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