May 21st 9:00-14:00 Morning Market Analysis Summary

From 9:00 to 14:00 this morning, Bitcoin showed a pattern of rising sharply and then pulling back, with an early high near 78,150. Subsequent rebounds failed to break through again, and in the afternoon it quickly dropped to around 77,651, currently consolidating around 77,730. In the short term, the 78,000-78,150 zone faces significant selling pressure, with support below at around 77,650-77,500. If this support is broken, the market may continue to return to a weak oscillation zone.

The altcoin trend is also weakening in sync, with an early high near 2,157, then oscillating downward, with a low around 2,131. Currently, it is consolidating near 2,133. Overall, altcoins lack strong rebound momentum, with heavy resistance above 2,150, and around 2,130 becoming a key short-term support level.

In terms of capital flow, after the morning rally, there was no sustained increase in volume, indicating cautiousness among chasing buyers. High-leverage long positions are prone to being washed out during pullbacks. Technically, Bitcoin and altcoins’ short-term MACD are weakening in recovery, KDJ is pulling back after rising, and RSI has shifted from overbought to neutral, indicating a correction after a high-level oscillation. On the news front, the market continues to focus on ETF capital flows, U.S. Treasury yields, and changes in U.S. stock risk appetite. Overall sentiment shifted from optimistic in the morning to cautious, with the key focus on whether support can hold in the short term. #RWA总市值突破650亿美元 $BTC $ETH