May 21, 09:00-22:00 Market Analysis Summary

Today from 9 AM to 10 PM, Bitcoin and Altcoins generally moved with an initial surge, followed by a pullback, and a weak recovery in the evening. Bitcoin briefly tested around 78,180 during the daytime, but faced clear resistance above, then gradually weakened, with the lowest point in the evening around 76,696. The intraday volatility exceeded 1,400 points, with the overall structure shifting from early morning oscillation with a slight bullish bias to a late-night weak consolidation. Key resistance is concentrated in the 77,800-78,100 range, with support levels around 76,600-77,000. Altcoins followed Bitcoin's decline, with a daytime high near 2,157 and a low around 2,103 in the evening. The overall decline was quite significant, with short-term support near 2,100 and resistance in the 2,130-2,150 range.

From a capital perspective, trading volume increased during the evening decline, indicating significant short-term selling pressure and leverage unwinding. Market risk appetite decreased, and funds became more cautious. Technically, both Bitcoin and Altcoins showed a downward shift in their high points, MACD indicated short-term weakness, KDJ retraced with a need for low-level recovery, and RSI was in a weak oscillation zone. No obvious strong news catalysts appeared, and the market was more influenced by risk asset sentiment and short-term risk aversion. Overall, today’s market mainly experienced a surge followed by a pullback. Although there was a rebound in the evening, the trend recovery was limited, market sentiment remained cautious, and the proportion of funds on the sidelines increased significantly. #SpaceX正式提交IPO申请 $BTC $ETH