Bitcoin Market Trend Analysis 20250518

The daily level is currently consolidating at a high position, showing a relatively strong trend. If the decline is replaced by horizontal consolidation, this state will likely continue for the next two weeks.

We have been saying that this wave of increase is driven by the 8-hour momentum. Currently, the smaller levels within 8 hours have already completed their movements, and the ongoing upward momentum in the 4-hour timeframe is weakening. The price is hovering near the 4-hour EMA52 line, making it easy for the price to drop to the 8-hour EMA52 line for a rebound, which is at the price of 100342.

Tomorrow morning, the weekly closing will occur. Currently, the weekly chart shows a small doji star pattern in a bearish line, requiring attention to the downward pullback in the first half of the week, followed by an upward trend in the latter half.

The rebound in the weekly level has just begun; having both increases and decreases is a normal trend, and declines are always opportunities to enter.

Daily level resistance at 106000-110000-120450, support at 100342-98257-94646-92120