#BinancePizza

Bitcoin Market Trend Prediction for May 17, 2025

1. Current Price and Market Trend

Price Performance: Bitcoin is currently reported at approximately $102,975, with an intra-day fluctuation range of $101,430 to $104,180. After breaking through $100,000, the price continues to oscillate in a high range.

Technical Formation: The daily chart shows the price is in a correction phase within an ascending channel, with the MACD indicator showing green bars, indicating a weakening of short-term momentum.

2. Market Catalysts and On-chain Data

Institutional Funds: Despite price adjustments, BlackRock's Bitcoin ETF continues to buy aggressively, indicating that long-term institutional investors remain optimistic about the future.

Holding Confidence: 97% of Bitcoin is in a profitable state above $102,000, indicating strong market confidence in Bitcoin's long-term value.

Macroeconomic Environment: The U.S. Producer Price Index (PPI) data has decreased, alleviating inflationary pressures, but the Federal Reserve still maintains interest rates, with a relatively stable policy environment.

3. Operational Strategy

Support Level Buy-on-Dip Strategy: When the price stabilizes after a pullback to the support area of $101,000 to $102,000, and a long lower shadow pattern appears or the RSI indicator shows signs of recovery, entry can be considered.

Mid-term Layout Strategy: Observe the Fibonacci retracement area of $96,000 to $99,000 as entry points for gradual accumulation, with a mid-term target of $105,000 to $110,000.

Risk Control Strategy: Closely monitor the performance of the two key resistance levels at $104,000 and $106,000. If the price fails to break through multiple times, accompanied by increased trading volume, it may indicate a short-term top formation.