5/22 Midday Bitcoin (Big Pie) Thoughts


Early morning Bitcoin surged, relying entirely on the false positive news of the US-Iran agreement; once the news was released, it surged immediately, but the rumor debunking caused the rally to quickly fade.
Bitcoin is currently attempting the fourth push at the critical resistance of 78,180, but has yet to break through effectively. Overall this week, it has been trapped in the 76,882‑78,180 range, oscillating back and forth, with frequent fake moves and tests of both bulls and bears, making chasing gains or cutting losses very risky.
Short-term market continuity is poor, with intense battles between bulls and bears. A major trend reversal window is approaching; patience is advised until a breakout signal appears.
Trading suggestions:
• Break above 77,779 with volume, follow the trend and go long on the right side, target 78,361‑79,309; if it fails to hold this level, the bullish momentum may not continue.
• Break below 77,295 with volume and fail to rebound, go short on the right side, strictly set stop-loss.
Bitcoin hourly breakout above 77,779 targets 78,361‑79,309.
4-hour timeframe break below 77,220 targets 76,460‑75,590.
BTC0.19%
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GoldenTunnel
· 05-22 04:32
Steadfast HODL💎
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GoldenTunnel
· 05-22 04:32
Just charge forward 👊
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