Friday, May 22nd, Afternoon Analysis (Short-term)


$BTC is oscillating near the middle band of the Bollinger Bands, MACD has a golden cross, and the MA30 moving average provides support. There is a short-term rebound and correction demand. Resistance above is in the 78,000-78,200 range (upper band of Bollinger Bands).
- Mid-term trend:
The Bollinger Bands are opening downward, and the moving averages are in a bearish alignment, indicating that the overall downtrend has not yet changed. Currently, it looks more like a rebound within a downtrend rather than a reversal. If the rebound cannot break through 78,200 and stabilize, it is likely to test the support levels at 76,400-76,600 again. Personal suggestion: target around 77,000-76,400 in the 78,200-79,000 range.

- Key levels:

- Resistance levels: 78,000 → 78,200 → 79,000

- Support levels: 77,000 → 76,600 → 76,400
BTC-0.01%
ETH0.41%
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