On May 16, the interpretation of the market trend and operation ideas:

The impact of overnight CPi news has led to a strong pull-up and continued growth for bulls. The three major U.S. stock indexes collectively closed higher and all hit new closing highs. The crypto market rebounded across the board, with Bitcoin rising to 66,600 and Ethereum rising to 3,030. Opportunities are reserved for those who are prepared. Although it has been in a volatile rhythm recently, this is also a common correction method of exchanging time for space. With the positive news, the price ratio has risen again, so we can no longer go short. The current market is also a strong pull-up after correction, and it still belongs to the strong category. All callbacks are for better growth!

BTC is currently running in the 66,000 range. From the current market, at the 4-hour level, the bulls have strongly recovered the middle track and also broke through the upper track. The upside space has been opened in the short term. After the strong stretch, the bulls have recovered. At present, various indicator signals are biased towards the bulls. It is expected that the decline will not be too strong, and there is a high probability of fluctuations in the range.

Intraday, the price of Bitcoin fell back to 65000. The first target is 66200 and the second target is 66900.