Wednesday Market Review: The overall trend was a oscillating upward movement, with a sharp rebound from the early morning low of 76,107, gradually rising to around 77,300 by midday, then consolidating between 77,600 and 77,100 in the afternoon, pulling back to around 76,855 in the evening, reaching a high of 77,825 before retreating. Intraday layout review: In the early morning, Bitcoin accurately captured the effective range, entering long positions around 76,400, taking profit and exiting at 77,000; then switching to short positions with a trend, with an exit suggested at 76,500 in the morning. This dual-direction layout successfully captured 1,100 points of movement. As expected, the market surged strongly at midday, fulfilling the expectation of the long position placed at 76,200 on Tuesday night, breaking through the key level of 77,200 smoothly, gaining 1,000 points. In the evening, the market faced resistance after reaching a high, entering short positions at 77,700, with the target of 77,000 reached as expected, again precise execution, capturing 700 points. Patience through the dull oscillation, staying true to the initial layout, waiting precisely for each opportunity to land, calm and steady, with measured entries and exits. The market always favors those who focus deeply, steadily building their positions step by step, and time will reward every effort and conviction.



Trump and Vance signaled easing of the Iran situation, the Strait of Hormuz shipping resumed, easing the energy supply tension, inflation pressures have cooled, market expectations for Fed rate cuts have increased, falling US Treasury yields have boosted liquidity easing expectations, while reduced geopolitical risks have lifted overall market risk appetite. Multiple macro factors provide support, forming a substantial positive outlook for Bitcoin’s trend. The four-hour chart shows a rebound after a previous dip, with the price center continuing to rise, bearish momentum gradually weakening. The 76,800-77,000 range remains the core support zone. The market is oscillating with a slight bullish bias, shifting from cautious shorts to longs, relying on support zones for low buy-in, avoiding aggressive chasing, and viewing the upward trend as a continuation.

Thursday, 5.21 Bitcoin Trading Strategy for Early Morning: Buy near 76,800-77,200, target 78,000; Second Bitcoin Strategy: Buy near 2,120-2,110, target 2,150.
BTC-0.3%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned