5.21 Afternoon Bitcoin Market Analysis

Starting from yesterday afternoon’s rebound, the price successfully reached the strong resistance level of 78,000 this morning. However, if the bull volume is insufficient, it will be difficult to achieve an effective breakout in the short term, though this potential still exists. At times, you may feel like you’ve worked hard for a long time but can’t see results. But it’s not that nothing is happening—it’s just that it’s finding a better moment to come knocking. As long as you’re still waiting by the door, it will arrive.

At present, after the price pulled back to around 77,500, it rebounded again to above 78,000, setting a new high at 78,180. The current Bitcoin 1-hour timeframe is showing a head-and-shoulders structure, with still some room for upward movement. You can temporarily watch whether the 78,500–78,300 range can be reached. The MACD fast and slow lines are running above the zero axis, and the bullish momentum continues to be released. Ethereum moves in sync with Bitcoin’s rebound, and afterward you can look for the key breakout at 2160.#灰度购入超51万HYPE并质押