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

Today, Bitcoin and Altcoins generally show a pattern of "rising sharply then pulling back, weak oscillation in the evening." Bitcoin's daytime rebound reached around 77,862, then repeatedly attempted to break through the 78,000 level without success. In the evening, before and after the US stock market opened, it experienced a rapid decline, with the lowest touching around 77,066, indicating that selling pressure above remains significant, and short-term funds are strongly taking profits at high levels. Altcoins also weakened simultaneously, facing resistance around 2,140 during the day, and dropping back to around 2,117 in the evening, maintaining a correlated, oscillating, and somewhat bearish structure with Bitcoin.

From a capital perspective, during the daytime rally, trading volume did not continue to expand, indicating insufficient chasing of the rally; during the evening decline, volume slightly increased, with some short-term leveraged long positions being liquidated, and market risk appetite decreasing. Technically, Bitcoin's MACD remains in a short-term death cross, KDJ is retreating from high levels, and RSI has returned to a neutral-weak zone; Altcoins also trend weakly, with resistance above 2,140 forming a short-term barrier. On the news front, after the US stock market opened, tech sector volatility intensified, US Treasury yields rebounded, exerting pressure on risk assets, while ETF capital inflows slowed, and market sentiment turned more cautious. Overall, the current market remains in a correction phase after high-level oscillations, with capital leaning towards cautious defense. In the short term, focus should be on support levels around 77,000 for Bitcoin and 2,120 for Altcoins. ##沃什宣誓就任美联储主席 $BTC $ETH