Daily Market Interpretation - BTC 05/16 The previous text suggested the idea of BTC hitting a new low in 1HMA250 after a 15 minute retracement, as well as the idea of returning to a volatile upper track after a retracement in 1HMA250. The current trend is within the framework. From the 12H to the daily trend, the price is still in the accumulation stage of the third rising sideways trend on the daily chart, and there has been no obvious deviation or bearish pattern during this period. Currently, there is only insufficient adjustment time. In 6-9 days, there is still a potential fourth opportunity to break out of the existing range and rise (possibly a historical high). From the perspective of the 4H trend, yesterday's reminder was: "In the context of bullish operation of the medium and long-term moving averages, prices will not experience sudden sharp drops in this level, and it is highly likely that they will continue to fluctuate between 100800 and 105800. We will wait for moving averages such as MA90 to MA120 to entangle in the oscillation range before choosing an opportunity to change direction. ”At present, I am only stepping back on MA60 for the first time, patiently waiting for other moving averages to converge upwards. From the trend range of 15 minutes to 1H, the rebound of the price after stepping back on 1HMA250 has brought the price back to the upper track of the original oscillation range. The upper track of the oscillation box has a suppressive effect, and the trend below 30 minutes is chaotic, making it difficult to support volume attacks to achieve sustained gains. So in actual combat, the buying points are still based on 1HMA250 and the original box's lower rail, as well as higher-level support at a lower level as entry anchors. Summary: The overall trend is not bad, and it is still in a bullish structure with a bullish trend, but currently it is only fluctuating in position and has not shown any direction; In actual combat, attention should be paid to the lifeline tactics of price retracement at a lower level, as well as the opportunity for the overall oscillation box to go down the track. At the same time, if there is a rebound trend after receiving short-term support, one can do a good job of defense and take the middle line. Short term support 102032~100410 (1:2 close to market), second support 99310~98492 (not within the current range, but can be hung), short-term suppression 104766~105413, BTC