Crypto Circle Mr. Coin: 5.20 Bitcoin (BTC) Market Analysis Reference

The current price of Bitcoin is around 76,700, operating on a daily chart.
The price continues to form weak oscillations near the lower Bollinger Band,
MACD shows a persistent death cross with increasing volume,
KDJ is in the oversold zone but has not yet shown a clear reversal signal.
The short-term correction trend has not been fully reversed;
the current rebound is more like a technical correction, not a reversal.
Looking at the 4-hour chart, the price is also oscillating close to the lower Bollinger Band,
but the downward momentum is weakening,
MACD shows a low-level golden cross,
the short-term bulls are gaining strength,
but the middle band pressure near 78,000 is also continuously moving downward,
there are signs of testing.
The short-hour cycle is oscillating narrowly between 76,000 and 77,300,
KDJ has reached a high level,
the risk of chasing longs in the short term is not small.
The strong resistance zone above 78,000-79,000,
is likely to encounter resistance and pull back.
Currently, market funds are still net outflow,
overall sentiment is cautious.
In terms of operation, it is recommended to hold light positions,
pay attention to Mr. Coin, who will provide real-time market analysis.
5.20 Bitcoin short-term reference:
A downward move in the 78,500-79,500 range,
defense at 80,500,
stop loss 500 points,
target below 75,300-76,300 in the 75,500 range,
aiming for above 76,800,
stop loss 500 points.
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Strategy suggestions are for reference only;
the market changes rapidly.
No matter how confident you are in your market judgment,
be sure to set profit-taking and stop-loss orders,
to secure profits.