
JiaMiYing|May 19, 2025 09:11
BTC: As of May 19, 2025, the current price of BTC is $103100; Yesterday's closing pattern was a "small bullish line", indicating an increase in bullish confidence and trading volume compared to the previous day, indicating an increase in market participation. The closing pattern at 8 o'clock tomorrow morning is crucial and may form a "dark cloud over the top" pattern. If confirmed, short-term top signals will emerge, indicating the risk of a pullback.
On chain data shows a net inflow of $604 million for Bitcoin spot ETFs and $41.59 million for Ethereum spot ETFs last week; Display the continuous inflow of institutional funds.
At the macro level, Moody's downgrade of the US credit rating triggered market volatility, coupled with the impact of Trump's policy remarks, and market sentiment was driven by multiple factors. The Federal Reserve's June dot matrix and the expiration of tariff exemptions in July may bring uncertainty.
Overall, technical analysis shows that Bitcoin is at a critical stage. The support range of $93000 to $98000 is strong and stable. The chips around $82000 have been mostly cleared, and the remaining players are mostly long-term holders. The chips around $102000 are mainly for short-term speculation, making it difficult to form effective support. The daily level of Bitcoin may form a "dark cloud over top" pattern tomorrow morning. If confirmed, it may indicate a short-term top and a slightly larger correction in the trend. The opening of the US stock market tonight and the closing line at 8am tomorrow morning are particularly important and will determine the subsequent trend.
The information and data in this content are sourced from publicly available materials and strive for accuracy and reliability. However, we do not guarantee the accuracy and completeness of the information, and this content does not constitute investment advice. Therefore, we assume full responsibility for investing based on this information.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink