5.21 Evening Bitcoin Market Analysis

The intraday price action provides a short-term breakout, but the upside potential has not opened up. After the sustained rebound earlier, a pullback is inevitable. The current pullback target has reached the support confirmation level of the morning strategy at 77,000, while ETH is in the 2110–2120 range. Sometimes the market is just like the weather—sometimes sunny, sometimes rainy. You can’t deny the whole season just because you don’t like the rain. Wait patiently—sunlight will always come out. And when that happens, you’ll value that beam of light even more.

Technical analysis of Bitcoin on the 1-hour timeframe: the current market indicators are undergoing a technical correction. The KDJ continues to diverge downward, and momentum is gradually being released; however, the MACD fast and slow lines are still above the zero axis, and momentum volume is not showing continuous growth. The key is still to watch the stabilization level after the pullback, because this will have some impact on the space available for the subsequent rebound. If the 77,000 and 76,600 supports hold effectively, there may still be rebound fluctuations tonight, but the overall pace likely won’t be very smooth. After all, the “head” structure on the daily chart that has been affected has not yet returned to the right track. You can first wait for the U.S. stock market to open before making a decision. #灰度购入超51万HYPE并质押 $BTC $ETH