Coin Market Trends: May 20 Bitcoin (BTC) Market Analysis Reference:

The current price of Bitcoin is 77500, with the day's market showing a rebound repair. On the daily level, the current price is operating above the lower Bollinger Band, the Bollinger Band opening is converging, and overall it is still in a high-level weak oscillation pattern. After the MACD indicator death cross, the fast and slow lines continue to diverge downward, but the histogram has shortened, and the bearish momentum is slowing down; the KDJ indicator's three lines are in the low region, with J value turning upward but no clear golden cross signal appearing, and the RSI indicator has also not left the neutral weak range, indicating insufficient short-term rebound momentum. The trend is still suppressed by the EMA7/15/20 moving averages; if it cannot rise back above 78500, it is highly likely to continue oscillating down to test the support of the lower Bollinger Band.

On the short-term 4-hour level, the price has stabilized near the middle Bollinger Band, and the Bollinger Band remains downward. The lower band at 76044 has strong support. The short-term MACD indicator has shown a golden cross signal, and the histogram continues to expand, indicating bullish momentum is recovering; the KDJ indicator's three lines have entered the overbought area (J value 98.09), indicating a short-term need for a pullback. The current price has risen above the short-term EMA moving averages (7/15/20), but is still suppressed by the EMA30/120 moving averages. Overall, the 4-hour level is in a repair rebound phase after a decline. The short-term rebound should first look at the upper Bollinger Band resistance at 78410. If this position cannot effectively stabilize, the rebound strength will be limited, and the market will return to a range consolidation pattern, with the risk of a pullback to low support still present. The daily strategy should rely on key support and resistance intervals, focusing on short positions at highs, and consider light long positions when stabilizing at lows.

Coin Market Trends: May 20 Bitcoin Short-term Reference:

Long Position: Long in the 75800-76300 range, stop loss 500 points, target 77000-78000,

Short Position: Short in the 78500-77800 range, stop loss 500 points, target 77000-76300,

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays; the strategies are not timely. Do not operate blindly】

The content of this article is originally shared by 【Coin Market Trends】 and only represents personal opinions. There may be delays in article transmission, and it is for reference only; do not operate blindly! Want to get more daily real-time signals? Then follow my public account! Here, you can learn online technical analysis and get to know more about cutting losses and exiting strategies. I have years of research experience in the market, focusing on the overall trends in the cryptocurrency space, mainly responsible for analyzing and guiding investment operations for BTC, ETH, SOL, BCH, and other coins. Welcome to study and learn together.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。