Waves in the Crypto Sea: 5.18 Bitcoin (BTC) Market Analysis Reference:

The current price of Bitcoin is 77,000, with the daily candlestick chart showing consecutive downward trends. The price is currently operating below the middle band of the Bollinger Bands, which shows signs of convergence, indicating apparent short-term pressure; EMA indicators exhibit a bearish arrangement, and the price has fallen below various EMA lines, with the trend center continuously moving downward. The MACD histogram is constantly increasing, with the DIF and DEA lines continuing to diverge downwards, and bearish momentum has not yet diminished; the KDJ indicator shows K at 18.51, D at 31.42, and J at -7.30, indicating an oversold area with no clear turning signal; the RSI indicator is also in a weak range, short-term rebound momentum is lacking, and the daily level is very likely to continue in a weak oscillating trend, needing to be cautious of the efficacy of support at the lower Bollinger Band.

On the short-term 4-hour level, the price is running between the middle and lower bands of the Bollinger Bands, with the band opening facing downward and a downtrend in the short-term channel; the EMA indicators are all in a complete bearish arrangement, with the price continuously pressured below the 7/15/20/30-day moving averages, and rebounds have failed to break through the moving average resistance, indicating a clear weak pattern. The MACD indicator has the DIF line continually running below the DEA line, with both diverging downwards synchronously below the zero axis, and the histogram is gradually increasing, showing that bearish momentum is still being released with no signs of exhaustion; KDJ indicator shows three lines in a low position, with the J line slightly turning upwards, indicating only weak signs of oversold recovery, and rebound momentum is extremely weak; the RSI indicator's three lines are all below 50 in a weak range, indicating insufficient buying power in the short term, coupled with previous Bollinger Band and EMA moving average bearish pressure, the 4-hour level is very likely to continue in a weak oscillating downward rhythm, with possible slight rebounds in the short term, but the upper middle band of the Bollinger Bands and moving average resistance is strong, making it difficult to form a trend reversal. Operationally, it is still necessary to maintain a bearish mindset and be cautious of accelerated downward risks after breaking support levels.

Waves in the Crypto Sea: 5.18 Bitcoin Short-term Reference:

Long Position: Buy in the range of 75,500-76,000, stop loss at 500 points, target at 77,000-78,000,

Short Position: Sell in the range of 79,400-78,400, stop loss at 500 points, target at 78,000-77,000,

【The above analysis and strategies are for reference only, please bear the risk yourself. The article review and publication may be delayed, and the strategies may lack timeliness, do not act blindly】

This article content is originally shared by 【Waves in the Crypto Sea】, representing personal opinions only. The article has a delay in sending, for reference only, please do not operate blindly! Want to get more daily real-time trades? Then follow my public account! Here, you can learn online technical analysis, and understand knowledge related to position management. I have years of research experience in the market and focus on the major trends in the crypto circle. Mainly responsible for analyzing and guiding investment operations for BTC, ETH, SOL, BCH, and other coins. Welcome to study and research together.

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