　　
　　Article published on 2026.5.20 — 00:30
　　
　　Family! Before this is published, Bitcoin’s current price is 76,500. The “big cake” is currently hovering around this level; it can’t go up and it can’t come down. The previous wave of sharp sell-off really scared off many people, but now it’s clearly entered a “trash-time” sideways consolidation period. This kind of market is the most exhausting—if you chase the rally, it pulls back; if you sell into weakness, it rebounds. Right now, the price action is like navigating a maze. The main force is washing the market back and forth within the big range of 76,000 to 78,000, with the goal of shaking out the hesitant positions. For us, at times like this, never let yourself get carried away—don’t think it can jump back to 80,000 in one go, and don’t assume a crash is about to happen. The strategy now is to sell high and buy low. Act like a sniper: patiently wait for the price to run to the edge of the range before making a move. Leave the middle portion—the fish body—for others to eat; we’ll only take the easiest bite.
　　
　　From a technical indicators perspective, the market is in a consolidation and repair phase of the lower Bollinger Band. The moving averages EMA7, EMA30, and EMA120 are diverging downward, but the slope is slowing down, indicating that the downtrend is weakening and transitioning into a sideways consolidation. EMA30 forms the first strong resistance. The MACD’s two lines are stuck below the zero axis; the red and green bars alternate, and the momentum is not strong—this is a typical oscillation-indicator characteristic. It means there is no clear direction in the short term. Both bulls and bears are watching and waiting. The Bollinger Bands are contracting, and price is trading between the middle band and the lower band. The middle band at 76,893 and the upper band at 77,323 are the pressure zones, while the lower band at 76,462 is the support zone.
　　
　　Short-term reference:
　　
　　Buy positions at 76,000-76,200; if it breaks below 75,700, exit. Aim for 76800+ targeting 77,000
　　
　　Sell positions at 77,200-77,500; if it loses 77,800, exit. Aim for below 76,500 targeting 76,200
　　
　　The above content is exclusively original by Li Ying. Please indicate the source when reprinting! Note that there is a delay in the article’s review and publication. The market changes instantly; the above suggestions are for reference only—risk is your own responsibility. Hope Li Ying’s appearance will be helpful to you!
　　
　　The article content is real-time and for reference only. Risks are at your own discretion. #PYTH今日解锁21.3亿枚代币 $BTC

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