Bitcoin Market Early Bus 75000 is being repeatedly rubbed, and the weekly level 5th wave downward trend is just the beginning! The deep bear is approaching Have a nice weekend, my friends. Bitcoin touched 75200 again last night and bounced back around 75500. The door of 75000 has already been kicked several times and has not been opened yet, but the door frame has started to loosen. 1、 What happened last night and this morning? 1. Trump's' ultimatum ' According to Axios, Trump changed his schedule over the weekend and did not attend his eldest son's wedding. He returned to the White House to gather the national security team. Unless there is a breakthrough in the negotiations at the last minute, he is seriously considering launching a new round of military strikes against Iran. The Pakistani Army Marshal has gone to Tehran, and the Qatari delegation has also arrived, making final arrangements. Al Jazeera said negotiators were "very close" to reaching an agreement, but Axios said Trump was "increasingly frustrated" and had leaned towards issuing strike orders. One sentence summary: An agreement may be reached, or it may lead to a fight. The market dislikes uncertainty the most, so Bitcoin chose to 'respect first'. 2. Walsh officially takes up his post Kevin Walsh was sworn in as Federal Reserve Chairman at the White House on Friday, with Trump personally presiding. This is the first time in nearly 40 years that the inauguration ceremony of the Federal Reserve Chairman has been held at the White House. Walsh's policy framework is clear: balance sheet reduction needs to be accelerated, and forward guidance needs to be weakened. The market has already priced ahead and tightened expectations - the 30-year US Treasury yield is still above 5.16%, and the 10-year yield is above 4.6%. 3. Bitcoin falls below 76000 Bitcoin has lost key support at 76200 and has hit a low of 75500. Previously, multiple tests between 78000-78500 were unsuccessful, causing the bulls to lose momentum and the bears to break through the support zone due to weak liquidity over the weekend. The panic and greed index is 28, and it has been in the "fear" range for several consecutive days. 2、 Current market overview The 4-hour chart has continuously closed solid bearish lines, indicating absolute strength of bears. The rebound is boundless, and the buying relay is insufficient - the trading volume after each pulse is shrinking, indicating that the willingness to chase high prices has dried up. The area between 78000-78500 has been verified as an iron peak three times, and prices have quickly fallen back after reaching a long upper shadow line each time. The 75000 defense line is being repeatedly tested, and the door frame has begun to loosen. On weekends, liquidity is low, and small orders can amplify fluctuations. There is a high risk of inserting funds up and down, so watch more and move less. 3、 Quick overview of on chain data ETF funds: From May 16th to 21st, the cumulative net outflow of Bitcoin spot ETFs was about 1.63 billion US dollars, with 5 consecutive days of net outflow. BlackRock IBIT alone accounted for approximately 75% of the total outflow. Funds diversion: XRP ETF had a net inflow of $12.57 million this week, while Solana ETF continued to have a net inflow. Funds are not leaving the cryptocurrency market, they don't want to take high BTC. 4、 Follow on weekends 1. US Iran negotiations: Last 48 hour window. Agreement reached → Pulse falls back after 78000-79000; The negotiation broke down and directly fell below 75000, accelerating the decline. 2. 75000 line of defense: 0.236 Fibonacci retracement level, which is also the holding cost line for micro strategies. The probability of breakdown has exceeded 70%. 3. Low weekend liquidity: Small orders can amplify fluctuations, and there is a high risk of inserting funds up and down. 5、 Trading Strategy Reference Current location near 75500: mainly observing and not opening new positions. Don't bargain, don't chase after the bottom. If the price rebounds: The 76200-76500 area is the previous support turning resistance, find a bearish signal at this level. If the price drops below 75000: wait for confirmation before considering short selling and adding positions, do not rush. Mid line short position: Continue holding, target 75000 → 73000 → 71000 → 60000 → 45000. 6、 The last sentence 75000 are being repeatedly rubbed. Bottom fishing contestants, please queue up to board the bus - but not the current one. I am preparing to write an article on Bitcoin over the weekend titled '75000 is the starting point, not the end point: The' Three Triggerings' and 'Four Steps' for Bitcoin's Accelerated Decline'. Please stay tuned. Bitcoin BTC BTC Market Analysis, 5th Wave Opened