Bitcoin recent trends

I. Current price and recent (up to 2026-05-17)

• Current price: approximately $78,000 (24 hours -3.1%)

• Last week: $82,000 → $78,000, surge and retreat, high-level oscillation偏弱

• Last month (May):

◦ Early May: strong breakout above $80,000, peak at $80,500

◦ Mid-May: oscillating within $78,000–$82,000, false breakouts frequent, liquidation events common

◦ 16th: increased volume broke below $78,000, short-term panic, nearly 150,000 liquidations

II. Key ranges (most critical in short term)

• Strong resistance: $81,500–$82,500 (multiple top reversals)

• Core oscillation: $78,000–$81,500 (current main range)

• Strong support: $75,500–$77,000 (multiple lows since April)

III. Drivers and bearish factors (why sideways + weak)

Bullish

• Institutional ETF continuous net inflow, total exceeds $56 billion

• Scarcity narrative post-halving strong, long-term cost support around $78,000

Bearish (main recent suppression)

• US April CPI higher than expected, Fed rate cut delay, dollar strengthening

• US “Clear Law” review, increased regulatory uncertainty

• High leverage at highs, frequent “liquidations → sell-offs,” increased volatility

IV. Brief market outlook (late May)

• High probability (60%): $77,000–$82,000 oscillation, waiting for Fed June meeting or large ETF net inflow to break

• Upside breakout: stabilize above $82,500 → target $85,000–$90,000

• Downside breakout: lose $77,000 → retrace to $73,000–$75,000

V. One-sentence summary

May Bitcoin: oscillating around $80,000, high-level偏弱, waiting for news to determine direction.