Crypto Circle Li Ying: On May 14, the Bitcoin Bollinger Bands lost the midline support at 78950, becoming the battleground between bulls and bears? Latest market analysis and trading suggestions
Article published on May 14, 2026 — 00:30
Dear friends! Before posting, the current price of Bitcoin is 78886. As can be seen from the chart, after reaching a high of 82850, the price has been dropping like a slide, now falling to around 78950. Although there have been several rebounds in between, each rebound has not been strong enough, and it feels like the bulls are somewhat weakened. But don’t panic; the price has not yet broken through the previous key support level, and the bears have not fully taken control. What happens next, whether it continues to fall or can rebound, will depend on the breakthrough at key positions. Those wanting to follow the trend must keep a close watch!
From a technical indicator perspective, the EMA moving average system has clearly shown a bearish arrangement — the short-term EMA7 and the medium-term EMA30 have both crossed below the long-term EMA120, and all moving averages are diverging downwards, which is an unfavorable signal for the bulls. The MACD indicator is also operating below the zero axis, with both the DIF and DEA lines trending downward. Although the MACD histogram is red, indicating bearish momentum, the length of the bars is shrinking, suggesting that the bearish strength may be weakening. Looking at the Bollinger Bands, the price has fallen below the middle line at 80577 and is now hovering near the lower band at 79228, which may become a short-term support level.
Short-term reference:
For long positions 79500-79000, exit if it falls below 78500, with a target above 80500 aiming for 81000
For short positions 80500-81000, exit if it falls below 81300, with a target below 80000 aiming for 79000
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The content of the article is real-time and for reference only; risk is to be borne by oneself.
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