May 25th Bitcoin (Big Pie) Strategy:


On the daily chart, a bearish arrangement, rebound lacks strength
In terms of moving averages, the price is below EMA15/30, moving averages are converging then diverging downward, indicating clear bearish pressure.
Bollinger Bands: the middle band at 79,400 with strong resistance, the lower band at 75,000 as key support; candlesticks are continuously hugging the lower band, with no volume to support a rebound.
In terms of news, US Treasury yields are soaring: 30-year at 5.18% (a new high since 2007), the opportunity cost of holding BTC has sharply increased, funds are shifting to risk-free bonds.
Trading suggestion: rebound to around 77,500-78,000 and then move south
First target: 76,000
Second target: 75,000
If the rebound breaks above 78,500 without a pullback, it can continue to look for short-term upward movement
$BTC
BTC-2.86%
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