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

Today from 9 AM to 10 PM, Bitcoin and Altcoins generally showed a pattern of initially surging higher, then pulling back, and weakening for a late-night correction. 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 below 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, showing a relatively clear decline. Short-term support is near 2,100, with resistance at 2,130-2,150.

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 remained weak in the short term, KDJ pulled back but needs a low-level correction, and RSI was in a weak oscillation zone. No obvious strong news catalysts have appeared, and the market is more influenced by risk asset sentiment and short-term risk aversion. Overall, today’s market mainly showed a surge followed by a pullback. Although there was a rebound in the evening, the trend recovery was limited. Market sentiment is cautious, and the proportion of funds on the sidelines has significantly increased. $BTC $ETH