Coin Circle Li Ying: 5.24 Bitcoin (BTC) Latest Market Interpretation and Trading Suggestions

Article Release Date 2026.5.24——00:30

Dear friends! Before publishing, the current price of Bitcoin is 75400, it has been pushed back multiple times after bouncing, clearly indicating that the bears have the upper hand. However, when it dropped to around 74000, it seemed to hit the brakes, showing a bit of a desire to catch its breath. At this position, it feels like standing on the edge of a cliff testing the waters, fearing to chase the rise and get buried, yet hesitant to cut losses. Should we bottom-fish or continue to be bearish?

From a technical indicator perspective, the EMA moving average system has formed a bearish arrangement, with both MA7 and MA30 moving averages below the MA120 moving average. A short-term bounce to around 76000 encounters resistance, indicating significant selling pressure above. The MACD indicator is even more evident, with both DIF and DEA below the zero axis. Although the green bars have shortened somewhat, they have not turned red, and bearish momentum has not fully released. The Bollinger Bands are also opening downwards, with prices moving along the lower track. The lower track around 74000 has become a key support level; if it breaks, it could plunge to 73000; if it holds, it might bounce back to the Bollinger middle track around 76100. Li Ying overall views that in the short term, the bearish sentiment is still dominant, but there may be a small rebound near the support level.

Short-term Reference:

Short positions 74000-73500, exit if it breaks 73000, target above 75000 aiming at 75500

Long positions 76000-76500, exit if it loses 77000, target below 75000 aiming at 74000

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The article content is timely, for reference only, risks are borne by yourself

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