Analysis: Bitcoin failed to break through the $82,000 resistance level, exacerbating the divergence between bulls and bears in the market.

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According to Mars Finance, on May 15th, the divergence between Bitcoin bulls and bears intensified before the $82,000 resistance level, with bearish sentiment gradually increasing. Trader JDK Analysis pointed out that Bitcoin's price is currently still trading within a range, oscillating narrowly above the key "range high." The upper boundary of this range is formed by the CME futures gap and the 200-day moving average, neither of which has been broken. Analyst CGT Trader stated, "The key focus now is on the price's reaction to the support zone—I think the price is very likely to break below that support this time." Trader BitBull further pointed out, "Bitcoin has failed to recover $82,000 again. The next downtrend may be about to begin." However, there are also bullish voices in the market. Cryptic Trades predicts that Bitcoin will follow the trend of US stocks, "and there will be a significant rebound in the coming weeks." Trader Cai Soren, using the Bollinger Bands indicator, stated that the bulls "intervened immediately at the support level" and predicted that "as long as the support holds, the upward momentum will remain strong." Meanwhile, the crypto market traded sideways with both bulls and bears under pressure. CoinGlass data shows that the total liquidation amount in the past 24 hours was approximately $330 million, with the scale of long and short liquidations roughly equal.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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