Coin Circle Li Ying: 5.23 Bitcoin (BTC) Latest Market Interpretation and Operation Suggestions
Article Published on 2026.5.23——00:30
Dear family! Before sending this out, the current price of Bitcoin is 76786. From the chart, Bitcoin has experienced a decline from the high of 82850 and is currently in a volatile downward channel. Although it has gained some support around 76000 in recent days and attempted to rebound, the strength of the rebound is clearly insufficient, facing significant pressure above. The current price of 76786 feels like being halfway up a mountain, neither able to go up nor down, leaving people uncertain. At this moment, do not rush to invest all in; the market is waiting for a clear direction. What we retail investors need to do is to see the situation clearly and not be shaken out by short-term fluctuations. Patiently waiting for the best entry point is the way to go.
From the technical indicators, the EMA moving average system shows a clear bearish arrangement. The short-term EMA7 and medium-term EMA30 are both running below the long-term EMA120, and EMA7 has created a death cross with EMA30, indicating heavy short-term selling pressure. The MACD indicator is running below the zero axis. Although the green bars have shortened, the DIF and DEA dual lines are still below the zero axis in a death cross pointing downwards, showing insufficient momentum and weak rebound. The Bollinger Bands' opening is narrowing, with prices hovering between the middle and lower bands, where the middle band at 77487 forms the first strong resistance. Overall, the indicators resonate towards bearish, but signs of overselling indicate a possible short-term rebound need.
Short-term Reference:
For position 76500-76000, exit below 75600, target above 77400 aiming for 78000
For position 78000-78200, exit below 78600, target below 77000 aiming for 76800
The above content is exclusively original by Li Ying, please indicate the source for reprinting! There may be delays in article publishing review, and the market is changing rapidly. The above suggestions are for reference only, and risks are borne by the individual. I hope Li Ying's appearance will be helpful to you!
The content of the article is time-sensitive and for reference only, risks are borne by the individual.
Warm reminder: The above content is solely created by the author on Weibo. The advertisements at the end of the article and in the comments section are unrelated to the author, please discern carefully. Thank you for reading.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
