May 19 Bitcoin Market Summary

This morning, as usual, we provided the idea of a rebound and pullback, although Bitcoin's rebound trend today was relatively weak, it still reached our entry zone in our strategy. In the afternoon, Bitcoin hovered around 77,200, and the pullback was not significant. In the evening, we advised patience and to wait for the US stock market to open. After the US stocks opened lower, the market first experienced a slight rebound, and I also told the brothers again. The rebound volume was insufficient, and if it couldn't break above 77,000, we would go short at the current price, targeting the 76,500-76,300 range, while the "mistress" also entered short positions, aiming around 2,100. By then, all afternoon pullbacks had smoothly settled, and I can only say the rhythm was spot on.

Currently, Bitcoin is fluctuating near the low of 76,500, and the overall trend remains bearish. As I said before, if Bitcoin breaks down below 76,000 with increased volume, the downward space will open further, and we can continue to follow closely at 75,500. There's no need to try to bottom fish at this level; the short-term space is limited, and following the trend makes more sense and feels more reliable. In the MACD, the bearish momentum continues to be released, and during the early hours, we can wait for a breakdown before shorting again, or wait for a rebound to around 77,000 with pressure and then go lightly short. That's all for now. I won't stay up late tonight; the little partners have already taken their gains today, and after a good rest tonight, they can be in the best condition to trade tomorrow. #Polymarket每日热点