5.19 Bitcoin midday analysis



During the day, Bitcoin has been in a narrow range of fluctuation, rebounding to 77,400 in the morning before facing resistance and pulling back, dropping to 76,500 at midday, and currently rebounding to around 77,200.

From a technical structure perspective, the four-hour cycle structure is clear, and overall it remains in a weak pattern, with the moving averages in a bearish alignment continuing to exert pressure. The middle band of the Bollinger Bands forms a strong resistance, limiting the rebound strength. There is obvious resistance above, and in the short term, the high shorting strategy continues to be maintained!

Trading suggestions:
Short at 77,500-78,000, targeting 76,500-76,000
BTC-0.01%
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