5.21 Morning Bitcoin Market Analysis

On Wednesday, the big cake started a strong phase in the afternoon, rebounding to around 77,500. After a brief consolidation around that level, it formed a trend of stabilizing. Although there were frequent upward and downward “needle” moves in the evening, the “big boy/alt” overall remained stronger, and this morning it also touched around 78,000. Previously, when looking at the market, I repeatedly emphasized to the brothers that 78,000 is a strong pressure level, and the rebound and repair have not been very strong. Yesterday, when I saw that the “big boy” rebound strength increased, I also told the brothers. When looking at the rebound, first look for stabilization around 77,500. Once the upside space is opened, then look for a volume breakout above the strong pressure at 78,000. “Auntie” here is basically keeping pace with the big cake’s trend strength as well, and the rebound strength is also slowly increasing.

I know that many friends now want to bottom-fish, but don’t be in a hurry. You must think clearly about the stop-loss responsibility, and don’t just focus on bottom-fishing for the profit. The rebound currently given is only an initial influence on the rhythm of the earlier decline. Although it can now provide a rebound stabilization pattern, I have said before that the resistance levels above must break with sufficient volume to be effective. On the 4-hour timeframe for the big cake, the “big boy” momentum continues to release, but it has not clearly strengthened, and the KDJ here also has limited room to climb. You can first pay attention to the retracement trend to see whether there are enough conditions for bottom-fishing. The big cake’s around 77,000 is the first level that needs to stabilize after the intraday retracement. For “Auntie,” you can first look at the 2110-2120 range. #Gate广场披萨节 $BTC $ETH