Crypto Circle Academician: Is there a medium-term risk signal in the high-level consolidation of Bitcoin on May 15? How to avoid it? Latest market analysis reference

　　Bitcoin is currently priced at 103000. It's 3 AM Beijing time, and the Bitcoin market has been consolidating at a high level. The range-bound market can be traded. When the price falls below 103000, some people shout that there will be a big drop, and when it rises above 105500, they shout that there will be a huge surge. Just leave the circle; this environment is not suitable for you. If you don't abandon this chasing highs and selling lows mindset, you really aren't fit for the crypto world. Come back when you've learned to be friends with the trend and enemies with yourself.

　　Now, let's look at the current market situation. The daily candlestick has returned to above the golden ratio support point of 0.786, which is the support point of 102400. As long as this level is not effectively broken, you can test long positions. If it is effectively broken, then exit with a small loss; do not hold positions. If you need to cut losses, admit when you're wrong. My test position average price is currently around 103000 for your reference. The EMA trend indicator is expanding upward, and the EMA15 trend fast line support is still stretching upward. It is expected to provide support for the candlestick around 101000. Before that, it will be difficult for Bitcoin to break the previous high and will still maintain a high-level range-bound market. The MACD top divergence trend has not ended, and the volume is decreasing. The DIF and DEA are contracting, combined with the formation of a Bollinger band ascending channel. The candlestick faces upper resistance at 106300, and the probability of horizontal consolidation in the short term is increasing.

　　The four-hour candlestick shows a clearer pattern, especially as the candlestick has been running at the top of the EMA trend indicator. The bullish momentum is starting to contract, and the downward pressure at the top is quite evident. The MACD continues to shrink volume and accumulate positions, with the DIF and DEA approaching the 0 axis, and the top divergence pattern has spread to the medium-term trend. The upper track of the Bollinger band is focused on 105200, while the lower track is focused on 101800. The so-called entry points for long and short positions in the range are based on the principle of not breaking the range; remember to set stop losses and do not hold positions against the trend.

　　Short-term trading ideas reference:

　　For a long position testing point between 103000 and 102500, defend at 102000, set a stop loss at 500 points, and target 104000 to 104500. If broken, look at 105000.

　　For a short position testing point between 105000 and 105500, defend at 105800, set a stop loss at 500 points, and target 103000 to 102500. If broken, look at 102000.

　　Specific operations should be based on real-time market data. Suggestions are for reference only and risks are self-borne.