Main takeout:
Bitcoin fell by more than 4.5% on May 19, confirming the weakness of the weakness and threatening less than $ 100,000.
Analysts emphasize $ 97,000 – $ 98,500 as the main support that Bulls should hold.
Potential reverse head and shoulder patterns refer to $ 91,000 re -test before the strong continues.
Bitcoin (BTC) has decreased by more than 4.5% from the highest rate of patience on May 19, falling to about $ 102,000 from the worst decline over a month.
The decline in BTC has been accompanied by a decline in the risk market due to MOODY’s latest downgrades due to the increase in budget deficit and lack of trusted fiscal integration plans.
This decrease is a major support level with a weakness of BTC prices with less than $ 100,000, combining the weakness of the weakness and combining it with other technical factors.
The weak difference between Bitcoin is a hint of $ 100K or less.
Bitcoin’s price measures showed technical weaknesses before the sale on May 19.
On May 19, BTC was pushed to a new region of $ 107,000 or more, but the relative robbery index (RSI) printed a low height to confirm the difference in classic weakness.
The inconsistency between the price and the momentum is often a pioneer of the trend reversal, in which case it has been played with a rapid decrease in the collapse of 4.5%. Analyst BLUNTZ warned merchants to be careful for a long time.
SWISSBLOCK analysts observed that Bitcoin was “liquid” more than $ 104,000 to $ 106,000.
Due to the rejection, the price returned to the previous volume area and was currently under pressure and received immediate support between $ 101,500 and $ 102,500.
SWISSBLOCK identifies the core disadvantage goal based on the historical onChain volume and trading activities if the $ 101,500-102,500 area does not have $ 97,000 to $ 98,500.
Bitcoin’s H & S pattern aims for $ 91,000
In the three -day chart, Bitcoin forms a right shoulder of potential reverse heads and shoulder patterns.
In general, it is optimistic in the long run, but this setting represents the short-term re-test of the 50-cycle index (50-period EMA; Red Wave) for $ 91,000.
The possibility of this decline increased after BTC, the same area that BTC caused the weak reversal in December 2024 and January 2025, failed to exceed $ 107,000.
relevant: Metaplanet purchased 1,004 Bitcoin as the second largest purchase
If you rebound from about $ 91,000 to about $ 107,000, you may be more likely to rise to $ 150,000 in Bitcoin.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.