Circle Academician: Institutional funds are withdrawing as of 5.17! Are you ready for the daily adjustment cycle of BTC? Latest market analysis and operational suggestions

The current price of Bitcoin is 78100, and today the big coin taught us a lesson! Watching the red and green fluctuations in the account, many crypto friends messaged me asking if the bull market is over? Are they secretly bottom-fishing at low levels? The 78000 mark is being pulled back and forth, and the fierce battle is heating up again? Don't panic! The market has never relied on emotions to make money; today, let’s use the most straightforward technical analysis to clearly see the current real situation, no exaggeration, no negativity, just practical trading ideas.

The daily K-line is between EMA15 and EMA30, short-term moving averages are beginning to turn downwards, and the MACD's DIF has fallen below the DEA, the green bars are continuously expanding, and the downward momentum is starting to be released. The Bollinger band middle track at 79290 has a clear resistance, with the price retreating from the previous high level of 82000, overall shifting from a strong oscillation pattern to a weak oscillation pattern; short-term caution is needed for the risk of retracing to the Bollinger band lower track at 75640.

The four-hour K-line has retreated from the high point of 82828, currently breaking below multiple support lines such as EMA15, EMA30, EMA60; the moving averages are beginning to form a downward arrangement. The MACD's DIF continues to operate below the DEA, and the green bars are also synchronously expanding, indicating that the downward strength is dominant in the short term. The resistance at the Bollinger band middle track of 79536 is very clear, with the price running towards the lower track direction; the strength of short-term rebounds is weak, overall remaining in a correction channel.

Short-term strategy reference: Follow the trend of the larger cycle, small stop loss, quick entry and exit

For the lower range of 77000 to 77300, go long with a stop loss at 76500, targeting 79000 to 79500

For the upper range of 79500 to 80000, go short with a stop loss at 80300, targeting 78000 to 77200

In the current market, it’s important to use a light position, have stop losses, and not chase highs or cut losses; surviving is more important than anything else. Don't be blinded by the myths of others' quick wealth; protecting your capital is key to waiting for the right wave of market opportunity.

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