Cryptocurrency Academician: The Bloody Romance Behind the Historical High of Bitcoin on May 23! Let Go of Faith and Recognize Reality! Latest Market Analysis Reference

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6 hours ago

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the cryptocurrency community may not make you rich overnight, they can help you persist. Only those who survive in the cryptocurrency space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.

I am a warrior in the cryptocurrency community, always protecting the retail investors. I wish my followers financial freedom by 2025. Let's work hard together!

Cryptocurrency Community Expert: May 23, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 111,500. It is now 1 AM Beijing time. To start the article, I want to say that whether it's spot or futures, it's time to clear out or lighten your positions. Let go of the so-called faith. After selling high in the spot market, just take a break and wait for the next wave of halving. The frequency of halving in the cryptocurrency space will be quick. Don't hold onto faith; focus on survival first. For futures, this position is also not suitable for retail investors to enter. Liquidation back and forth is inevitable. Regardless of whether you choose long or short, you are in the liquidation queue. Remember, the essence of trading is survival.

Let's look at the current market. Affected by the referendum, Bitcoin has once again made history. This wave of stretching is different from when Trump took office. The daily K-line reached a high of 111,900 and a low of 109,000. The EMA15 trend support has reached 105,000. The trend indicators' fast and slow lines are gradually widening. The MACD top divergence continues, and the DIF and DEA are expanding upwards. The increase in volume and positions is mainly from large players, with very few small retail investors visible. The upper pressure level of the Bollinger Bands has reached 112,000, and the middle band is at 103,000. These two positions should be closely monitored as the market enters an extremely overbought state, with a countdown to liquidation.

The four-hour K-line is consolidating above 110,000, waiting for the EMA15 trend support to stretch, which has already reached 109,000 and is continuing to stretch. The MACD shows a top divergence. Don't rush; the bullish stretch has not ended because the divergence has just begun. Market momentum is decreasing. The Bollinger Bands are expanding, with the upper band focusing on 112,500, the middle band on 108,000, and the lower band on 103,000. Under the influence of this level of trend, following the principle of not entering within a 10,000-point fluctuation, just wait.

Short-term reference: The market is not 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal.

For a long position, reference points are 103,000 to 102,500, with a stop-loss at 101,000 and a target of 104,500 to 105,500. If it breaks, look at 106,500.

For a short position, reference points are 112,500 to 113,000, with a stop-loss at 113,500 and a target of 109,000 to 108,500. If it breaks, look at 108,000.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in the publication of this article, and the suggestions are for reference only; risks are to be borne by you.

This article is exclusively contributed by the Cryptocurrency Community Expert and represents the expert's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only; risks are to be borne by you. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The expert also hopes that all investors understand that the market is always right. If you are wrong, you should summarize where your issues lie. Don't let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Hard work is rewarded, integrity is valued, and excellence is pursued. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Cryptocurrency Community Expert wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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