5.22 Evening Analysis

Tonight, Kevin Wirth officially took office as the Chair of the Federal Reserve. His core policy is a combination of rate cuts and aggressive balance sheet reduction, prioritizing shrinking the Fed’s balance sheet and tightening liquidity discipline rather than an all-out full-scale liquidity flood. While his stance toward crypto is relatively open, balance sheet reduction poses a bearish risk to risk assets. Combined with uncertainty around policy implementation, investors are inclined to seek protection early and are more eager to lock in profits at high levels, with macro liquidity expectations skewing bearish.

On the 1-hour timeframe, price action is under pressure as the Bollinger upper band pulls back. Price is currently in a weak consolidation below the Bollinger middle band. Resistance near 77,800 has been tested multiple times but failed to break through. The KDJ upward momentum is becoming dull; rebound energy is exhausted. There is no reversal signal with increased volume—this is only a weak corrective recovery.

For tonight’s close/after-hours setup, the recommendation remains to focus on short positions: 78000-78500, target 76000-76500.$BTC $GT $ETH #TradFi交易分享挑战