Mr. Coin Circle: 5.20 Bitcoin (BTC) Market Analysis Reference
The current price of Bitcoin is running around 76700, at the daily level, the price continues to form weak fluctuations near the lower Bollinger band, the MACD death cross continues to increase, the KDJ, although in the oversold zone, has not yet shown a clear reversal signal. The larger trend of this short-term correction has not been completely reversed; the current rebound seems more like a technical repair, not a reversal.
Looking again at the 4-hour chart, the price is also oscillating close to the lower Bollinger band, but the downward momentum is weakening. The MACD shows a golden cross at a low level, indicating short-term bullish strength, but the mid-band pressure around 78000 is also continuing to move downward, showing signs of a short-term test.
On the short hourly cycle, the market is oscillating narrowly between 76000-77300. The KDJ has reached a high position, presenting a significant risk in chasing longs in the short term. The upper range of 78000-79000 is a strong resistance zone, and it's very likely to encounter resistance and fall. Currently, market funds are still net flowing out, with overall sentiment being cautious. The recommendation is to primarily hold light positions; pay attention to Mr. Coin for real-time analysis of the market.
5.20 Bitcoin Short-Term Reference:
Go short in the 78500-79500 range, defend at 80500, stop loss at 500 points, target below 77500
Go long in the 75300-76300 range, target above 76800, stop loss at 500
There may be a delay in sending chapters; the strategy suggestions are for reference only. Market conditions change rapidly, so regardless of how high you assess market judgment, be sure to manage profit-taking and stop-loss, securing gains is essential.
For more daily real-time trading strategies, online technical learning, and exiting positions, you can follow the mentor’s official account (Mr. Coin Talks Coins) for methods to add: the first ten participants each day can receive free strategies for exiting positions,
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