2026.5.23 Bitcoin Outlook

$BTC
After the Federal Reserve's hawkish speech triggered a sharp decline, Bitcoin found support at 75,185, now at 75,611, in a weak rebound phase after the plunge. The overall bearish trend is clear, and the rebound strength is very weak.

Around 758-760, with a gap to 765, look at 750-740.

Technical analysis: The Bollinger Bands are opening sharply downward, with the price running close to the lower band, indicating a clear bearish dominance.

Lower band support at 74,800 USD, mid-band strong resistance at 77,200 USD, difficult to break in the short term.

The short- and medium-term moving averages are perfectly aligned in a bearish configuration, with the price far from the moving averages and a large divergence, indicating a technical rebound demand. However, buying volume is severely lacking, so the rebound potential is limited.

Macro fundamentals: The hawkish expectations of the Federal Reserve have completely reversed, and a prolonged high-interest-rate battle has begun.

Fundamentally: Institutional funds are fleeing collectively, liquidity is rapidly drying up.

Market sentiment: Panic is spreading, and bullish confidence has been completely shattered.

Currently, Bitcoin is in a "macro bearish + technical breakdown + capital fleeing + panic sentiment" fourfold downward spiral. Any rebound is a shorting opportunity. 77,200 USD is the critical dividing line; as long as the price does not break this level, maintain a firm bearish outlook. #沃什宣誓就任美联储主席