Coin Circle Li Ying: On May 17, Bitcoin trading volume shrinks, patiently waiting for volume expansion! Latest market analysis
Coin Circle Li Ying: Latest market analysis for Bitcoin on May 17
Article release time: 2025.5.17—00:30
Current Bitcoin price: 104,000. As usual, Li Ying will provide a reference from a comprehensive analysis. The K-line is currently in an upward trend and is in a consolidation phase. The price has rebounded from around 93,400 and is now close to the 104,250 position, testing the previous high of 105,800. What we need to wait for is the result of the previous high test.
In the short term, Li Ying believes that the market trend may continue to maintain an upward momentum. The red three soldiers and the bottom reversal signal provide strong bullish evidence, but the current doji and low trading volume indicate that the market is hesitant about breaking through the high. Therefore, Li Ying suggests considering a wait-and-see approach for now, waiting for effective breakout confirmation before making a buying move.
If the price can break through 105,800 accompanied by increased trading volume, it may be worthwhile to enter to capture subsequent upward trends. Conversely, if the price fails to break through effectively, pay attention to possible adjustment signals and implement risk management measures. Additionally, the technical K-line showing hammer patterns, red three soldiers, and doji all indicate bullish sentiment. Hence, Li Ying's strategy is to primarily go long, being cautious about shorting unless the previous high is broken.
Today's Li Ying price prediction
Long entry at 102,000, add long at 101,500, stop at 500 points, target 104,500.
Short entry at 105,500, add short at 105,800, stop at 500 points, target 103,500.
The above analysis is based on market data and trend analysis of the order book, and does not constitute investment advice. For reference only: $BTC