5.10 Bitcoin Evening Analysis:

Today, Bitcoin's spot market overall surged then pulled back to test the bottom and rebounded, with wide-range fluctuations throughout, showing a recovery pattern. After the bears released pressure, a rebound occurred at low levels, with bulls and bears repeatedly tugging without a clear directional trend.

The previous series of consecutive bearish candles fully released the downward momentum of the bears. This round of large bullish rebounds is a technical correction due to oversold conditions and does not indicate a trend reversal. The rebound lacks sustained support, and upward movement will continue to face selling pressure from trapped positions.

Key zones for tonight:
Resistance levels 77,400-77,800, 78,200-78,600;
Support levels 76,500-76,800, 76,200 threshold.

$BTC $GT $ETH #加密市场下跌15万人爆仓
Tonight, the overall movement will be range-bound and corrective, strictly avoiding chasing highs or selling lows. After price tests and stabilizes at lower support levels, consider light short-term buys; if the rebound hits the middle band resistance and pulls back, follow with short positions accordingly. Maintain quick in-and-out trades, strictly control overall position size, and closely monitor the Bollinger middle band to judge the subsequent direction of the market tonight.