Crypto Circle Academician: The four-hour resonance signal appeared on 5.23, is Bitcoin's volatility about to break out? Latest market analysis and trading suggestions

Bitcoin's current price is 76,850. After months of a "boiling frog" scenario, Bitcoin is gradually eroding the panic sentiment from earlier this year. The main players are also digesting the accumulated chips over these months. In the short term, for most retail investors, it's just a money-losing game. While a volatile market seems full of opportunities, it's actually full of traps. The result of chasing highs and selling lows is working for exchanges and major players. Based on current expectations, there's a high probability of another dip, so just clear positions and prepare for deployment before that.

The daily K-line just retested near the EMA15 and EMA30 moving averages. The moving average system still shows an upward arrangement, but the short-term upward momentum has clearly weakened. The MACD indicator shows DIF and DEA forming a death cross above the zero line and continuing downward, with increasing green bars, indicating that the upward strength is waning. The Bollinger Bands are flattening out, with prices moving near the middle band, which ranges from about 75,911 to 79,317. Daily volatility is being continuously compressed, with bulls and bears repeatedly fighting within this range, marking a key point for short-term direction choice.

The four-hour chart has already broken below the short-term moving averages EMA15 and EMA30, which are now turning downward to form resistance, indicating a weak short-term trend. The MACD shows DIF crossing below DEA, forming a death cross, with green bars continuing to expand, favoring downward momentum on smaller cycles. The Bollinger middle band is sloping downward, with prices below the middle band, with resistance at about 78,114 and support at about 76,437. Prices have rebounded slightly near support, but volume is insufficient, and the rebound is more of a technical correction, not yet showing a clear reversal signal. The downward trend still dominates the small cycle.

Short-term trading ideas: Follow the larger cycle trend, with quick stops and quick entries/exits.

Support below at 76,500 to 76,000, stop-loss at 75,500, target at 77,500 to 78,000.

Resistance above at 77,500 to 78,000, stop-loss at 78,500, target at 77,000 to 76,500.

Only trade what you understand; if you don't understand, stay out of the market. Don't operate blindly or gamble with the market. First, regain your mindset and discipline.

Specific operations should be based on real-time market data. For more information, contact the author. The article may have delays; use for reference at your own risk.