Market Review:

　　As illustrated, Bitcoin's performance after yesterday's report showed a rebound near 76000 after finding support, fluctuating within the 77160-78600 range. At the time of writing, the price of Bitcoin is 77319, up approximately 2.01% in the last 24 hours.

　　Bitcoin Four-Hour Chart

　　Currently, Bitcoin's movement has entered a phase called "bearish exhaustion followed by a rebound window," but I must clarify that this has not fully reversed yet, so don't rush into it.

　　Let's first look at Fibonacci. This round fell from 82799 to 76010, which counts as a sharp drop. Now, Bitcoin has rebounded to around 77300, grappling with the 0.236 level, which is 77612. It is currently hovering just below this position and hasn't stabilized. Further up, there is strong pressure at 0.382, which is 78600; that is a significant barrier. So, to put it plainly, this is merely a repair phase after a deep drop. As long as it hasn't re-stabilized above 78600, the upward space cannot open up; don't expect to soar high.

　　Next, looking at the Bollinger Bands, previously, the price was steadily declining along the lower band, like a dead fish. But now it's different; the lower band is starting to flatten, and the K-line has returned to the middle band vicinity, with the opening of the Bollinger Bands narrowing. What does this indicate? The momentum of the bearish sell-off is weakening, and the market is beginning to enter a phase of fluctuation and repair. However, the key is that the middle band has not fully stabilized yet, so this can only be seen as a rebound, not a reversal. Don't be overly optimistic.

　　Then, let's look at MACD, which is even more apparent. The DIF line has crossed above the DEA line, forming a low-position golden cross, and the MACD red bars are increasing in volume. This is a typical technical rebound signal, indicating that short-term funds are beginning to flow back in, and bulls are attempting to seize the rhythm. But be cautious; MACD is still below the zero axis, meaning that the major bearish structure persists; don’t think a single golden cross can change the outcome.

　　Finally, looking at KDJ, this indicator has surged quite strongly. The K-line and D-line are moving up simultaneously, with the J value pulling directly to around 90, indicating that short-term sentiment is quickly warming up. However, when the J value is high, it tends to see a surge followed by a pullback, so this looks more like a "pull first, then fluctuate," so don’t chase too eagerly.

　　To summarize in one sentence: Bitcoin is currently undergoing an oversold rebound, but it is not a primary upward wave yet. Brothers, don’t get excited at every rise; you need to see the essence clearly.

　　For the upcoming trend, I offer two possible scenarios. The first is as mentioned in yesterday's article, continuing to test the pressure range of 77600-78600, and then starting to fluctuate to see if it can break out with volume. The second is weaker, unable to break through 78600, with the MACD red bars shortening, combined with a KDJ high position dead cross, which could likely lead to a return to 76000 or even lower.

　　Key levels to remember: short-term support at 76000, strong support at 74900; short-term resistance at 77600, strong resistance at 78600. Keep a close eye on these points and don’t act recklessly.

　　As for operational strategy, my style is simple and straightforward: low-position long positions can be held, but don’t chase wildly above 77600; it’s easy to get hurt at that position. To truly strengthen, it must break out with volume and stabilize above 78600. Once it falls back below 76000, the bears will regain strength; at that time, don’t resist.

　　Brothers, remember one thing: in a bearish environment, when rising, look for rebounds; in a strong environment, when correcting, look for accumulation. Bitcoin is still validating whether it can truly regain strength. Don't rush; take it slow.

　　It is better to give you a correct approach and trend than to give you a hundred percent accurate suggestion. Teaching you to fish is better than giving you fish; suggestions can help you earn temporarily, but learning the approach can help you earn for a lifetime!

　　Writing time: (2026-05-20, 19:50)

　　(Written by - Master Speaks Crypto) Disclaimer: Online publication has delays; the above suggestions are for reference only. Investment involves risks; enter the market with caution!

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