Mr. Coin in the Coin Circle: Bitcoin (BTC) Market Analysis Reference for May 18

Bitcoin is currently trading around 76,900. On the daily chart, Bitcoin has fallen from a high of 82,828 and has now broken below the middle Bollinger band, with the middle band changing from support to resistance. The upper band is flattening out, and upward momentum has clearly weakened. The RSI has dropped to around 30, entering the oversold zone, but after the MACD's death cross, bearish momentum is still being released. The KDJ lines are diverging downwards; although the J value is oversold and has a demand for a rebound, the overall trend has weakened.

Looking at the 4-hour chart, the price has directly broken below the lower Bollinger band, briefly stabilizing around 76,666. The Bollinger bands are opening downwards. The MACD's death cross continues downwards, and the RSI is also operating in a weak range, showing no obvious turning signals. This indicates that the current rebound is merely a weak correction, and bulls do not have the dominance in the short term. After a sharp drop, there was a slight rebound around 76,666, and the current price is hovering near the lower Bollinger band, with the middle band around 78,000 acting as strong resistance. Although the bearish MACD momentum has decreased, there has not been a clear reversal signal, and the KDJ is just flattening at a low level, indicating very limited rebound strength.

In the short-term hourly chart, although there is a demand for an oversold correction, the major trend has turned bearish. Currently, the market is under heavy selling pressure, with net inflows dropping to -355 million. Avoid heavy bets on one-sided movements; follow the trend, as surviving provides the opportunity to earn back later. The key is whether the support between 76,000-75,000 can hold in the next couple of days. If it holds, there is still a chance for oscillation repair; if it does not hold, a deeper pullback is ahead. Follow Mr. Coin for real-time market analysis.

May 18 Bitcoin Short-term Reference:

Short down from the range of 78,500-79,500, defensive measure at 80,500, stop loss at 500 points, target below 77,500.

Short up from the range of 74,500-75,500, target above 76,500, stop loss at 500.

There may be delays in sending messages, and strategy suggestions are for reference only. The market changes rapidly; regardless of how high your judgment on the market is, you must manage your take-profit and stop-loss properly to secure your profits.

 For daily real-time trading strategies, online technical learning, or escaping positions, you can follow the mentor's public account (Mr. Coin Talks About Coins) for ways to add: the first ten each day can receive free strategies for escaping positions.

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