As of mid-May 2025, Ethereum caught up with Bitcoin's gains, but Bitcoin has undergone consolidation with its volatility reaching a low point. The market expects a critical breakthrough. Around 8 AM on the 19th, Bitcoin briefly broke through $107,000, with most traders anticipating Bitcoin entering a new【PriceDiscovery】stage. The current market structure maintains a bullish sentiment, expecting prices to explore new historical highs.
However, the market also harbors cautious voices. Given that Bitcoin has not effectively broken through resistance, there might be a temporary pullback in the short term. Compared to the stock market, Bitcoin has not significantly risen recently, especially after the US-China trade agreement, which might indicate that investors are more inclined to seek Bitcoin purchases when funds flow out or uncertainty occurs elsewhere.
After briefly breaking through $107,000 on the morning of the 19th, Bitcoin may have rapidly dropped due to emerging selling pressure. By around 2:30 PM on the 19th, it touched as low as $102,000, pulling back nearly $5,000. At the time of writing, it has rebounded to $105,000, with a decline of approximately 0.47% in the past 24 hours.
Bitcoin 4-hour chart
Bitcoin's price is currently fluctuating between the upper and middle bands, with the upper band beginning to narrow and the lower band continuing to decline, indicating decreasing market volatility. If it can maintain the middle band position, it may enter a new consolidation phase or attempt to break upward. Currently, the price is in a transitional period with no clear directional choice.
From the KDJ indicator perspective, the three lines are in the middle position, having just formed a golden cross upward from a low point, neither entering the overbought nor oversold zone. In the short term, there might be a rebound opportunity, but it requires trading volume to confirm the rebound strength. On the MACD indicator, the DIF and DEA lines are both below the zero axis. Although the green histogram has shortened, the bearish momentum has not completely subsided. Currently, no golden cross has formed, and it remains in a weak recovery stage.
The price is currently oscillating near the Fibonacci 23.6% level ($103,896). If it cannot stabilize at this position, it may continue to test the 38.2% support level around $101,886. Overall, market sentiment remains cautious, and clearer signals are needed.
In summary, the master offers the following advice for reference
Go long on Bitcoin at around $103,900, with targets of $105,000-$106,000, and defend $103,300.
Rather than giving a 100% accurate suggestion, it's better to provide the right perspective and trend. After all, teaching someone to fish is better than giving them a fish. Earning for a moment is temporary, but learning the approach is lifelong! The focus is on the approach, grasping the trend, and planning market layout and position allocation. What I can do is use my practical experience to help everyone and guide your investment decisions and management in the right direction.
Writing time: (2025-05-20,00:30)
(Article - Master Talks Coins)
