5.17 Daily Rebound Has Not Ended, Copycats Make Up for the Rise on the Weekend

Bitcoin is still a daily rebound overall, and it is expected to end this weekend. Although the CPI is trending upward, it is not enough to drive a quick rate cut, and interest rates will not be lowered. Although the cooling of the data is more popular with the market, it is still not enough to reverse the trend in the short term. Wall Street's bets on the Fed are concentrated on the first 25 basis point rate cut of the year in September, and the second rate cut at the end of the year.

The pressure position above the intraday trend is heavy, and you should not blindly look at the bulls. Pay attention to the pressure near 65700 and the overlapping pressure of the large level above the intraday short-term. The market dominated by major exchanges, after the sentiment lands, it depends on the contract volume to explode the order.

Daily level market

- ​​The daily level is close to the upper rail pressure, and the trend bulls should pay attention to the risk. The daily bottom support is near 64500, the pressure position is near 66500-66800, and the key strong pressure position is near 67000-67500.

4-hour level market

The 4-hour level has a slow and oscillating trend, which is temporarily strong. The bottom large-level support is raised to around 63800-64000, and the upper pressure is around 65700.

Intraday level analysis

-----Bitcoin is mainly falling at a small level during the day, with the nearest support at the bottom at 65000. At the same time, this position is the dividing line between strength and weakness in the short term. Pay attention to whether it breaks through around 65700 and 66000. After breaking, the market can continue to look at the previous high, otherwise this position is the starting point of the downward range of the Asian session during the day.

The key position depends on the situation with a stop loss short position to see whether the 64500 support is effective or not. After breaking, it is around 63800. If it does not fall below around 63800, this round of market will continue to be bullish. The cottage will continue to repair the market at the weekend.

The market has changed very quickly recently. If you want to adjust your position or don’t understand the trend, you are welcome to communicate and learn. If you want to follow, please leave a message in the comment area. #BTC走势分析 #5月市场关键事件