Thursday Recap and 5.22 Market Outlook

$BTC Market Review: From midnight to early morning, the price remained within the 77,000-77,700 range, rising to a high of 78,150 before oscillating downward. In the afternoon, it returned to the intra-day high of 78,180, then continued to decline, breaking below 77,000 in the evening to a low of 76,696, bouncing back from the bottom. Currently, it is trading around 77,200.
Market Positioning Review: On Wednesday evening, long positions were placed at 76,900. As expected, the market broke through 78,000 in the morning, taking a profit of 1,100 points; in the afternoon, Bitcoin stabilized around 77,500 after a pullback, and a long position was taken during the pullback, then it rose again to 78,000 and exited, gaining 500 points. Based on the resistance level above, a short position was entered, and the price fell to 77,600, gaining another 400 points. Short-term longs turned into shorts, totaling a gain of 900 points.

Looking at the 4-hour chart, Bitcoin is currently stable above the middle band of the Bollinger Bands, with the overall center of gravity showing a gentle upward correction trend, and the momentum of the previous unilateral decline has significantly slowed. The Bollinger Bands are flattening and narrowing, forming a clear oscillation zone between the upper and lower bands. After reaching a short-term high near 78,180, the price slightly retreated but did not break below the middle band of the Bollinger Bands or the key support of the previous oscillation platform, indicating that the bulls’ strength remains solid. Over the past two days, the lows of the K-lines have gradually risen, and no significant volume increase or bearish breakdown signals appeared during the pullback. Instead, a small bullish candle indicating stabilization was formed after the correction, suggesting that selling pressure is gradually being absorbed and bulls are quietly accumulating strength.
From the current structure, the overall market trend leans toward a oscillating and mildly bullish correction. As long as the price remains above the middle band of the Bollinger Bands, there is still potential to test the upper band or even break through the short-term high, which is a relatively safe bullish outlook. #灰度购入超51万HYPE并质押

Friday early morning Bitcoin trading suggestion: Buy near 77,100-76,700, target up to 78,000;
Altcoin (Ethereum) trading suggestion: Buy near 2,120-2,100, target up to 2,160.