5.20 Evening


Thoughts and Predictions:
Bitcoin's daytime trading initially remains low and volatile, then starts to rebound from around 76,485, with the highest point reaching near 77,825 in the evening, indicating that short-term bullish recovery strength is increasing, and a clear rebound rhythm appears in the market. Currently, the price consolidates around 77,400-77,500. If the pullback does not break below the 76,000-76,500 zone, it suggests that support below is still intact, and there is a chance to continue towards 78,500, further testing around 79,500.
In terms of volume, there has been some release of energy during the rally phase, but the buying pressure at high levels still needs observation. Leverage positions around 77,800 are prone to a battle between bulls and bears.
Technically, the MACD shows short-term recovery, the KDJ has surged but needs consolidation, and the RSI has returned to a neutral-strong zone, overall forming a rebound and recovery structure after a decline.
On the news front, recent ETF capital outflows and high U.S. Treasury yields continue to suppress risk assets, but after the U.S. stock market volatility eases, market short-term risk appetite has shown some recovery.
As for the "Yitai" (altcoin) sector, it also follows Bitcoin's rebound today, recovering from around 2,101 at the low, with a high near 2,148, currently consolidating around 2,138. If the evening pullback stabilizes in the 2,090-2,110 range, there is a short-term opportunity to continue towards 2,170, and further towards around 2,200.
Overall, tonight's strategy is mainly to buy on dips around support levels, waiting for a stable rebound continuation after support holds.

Trading Suggestions:
Bitcoin: Buy on dips around 76,000-76,500, target 78,500, 79,500.
Altcoins: Buy on dips around 2,090-2,110, target 2,170, 2,200. #RWA总市值突破650亿美元 $BTC $ETH
BTC1.51%
ETH2.61%
RWA-0.19%
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