小龙先生|May 16, 2026 21:34
⚠️ The outlook for US stocks and Bitcoin next week isn't looking good! High probability of continued choppy declines!
From a technical perspective, Bitcoin's daily chart shows multi-dimensional resonance, highlighting its weakness:
1) Resistance below the 0.618 level: After rebounding to the 0.618 Fibonacci retracement level of the larger cycle, which is below 84,500, multiple attempts to break through 82,800 failed, leading to a drop;
2) During the 4th wave consolidation on the weekly chart, trading volume has been gradually decreasing, showing a divergence between volume and price;
3) Suppressed by the 200-day EMA: Both the daily and weekly candles closed below the 200-day moving average;
4) Bullish momentum is fading: The bulls are running out of steam, with a death cross forming at high EMA levels, signaling exhaustion of bullish energy.
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