Bitcoin Market Trend Analysis 20250519
The weekly line did not close as a doji star but rather as a small bullish candlestick with a lower shadow. The weekly trend remains strong, the MA30 line maintains an upward trend, and the MACD shows enhanced upward momentum after a golden cross near the zero axis. Breaking $110000 is just a matter of time, and the weekly upward target can initially be set around $131000. The subsequent integer levels (110000/120000/130000) will all be significant resistance.
The price continues to run above the weekly MA30 line, and the upward trend at the weekly level will continue.
The daily line is a long bullish candlestick with a short upper shadow, and the trading volume is about twice that of the previous day, but it remains within a normal trading volume range without significant expansion.
The daily MA30 line continues to maintain an upward trend, and the MACD shows a tangled trend slightly above the zero axis.
At the hourly level, there was an initial rise last night, followed by a drop in the early morning, then a quick surge again, first triggering short positions and then long positions, and finally another wave of short positions chasing the market. The main force executed a dual explosion of long and short positions at this position, ruthlessly seizing the liquidity of the contracts.
Although there has been a breakout at the daily level, setting a recent new high, it is important to note that this rise is driven by the 8-hour level. Currently, after a rebound at the 4-hour level creating a new high, it presents a typical divergence pattern. The 4-hour level has already been sufficient to support a significant rise, while the 8-hour level is supporting the price increase.
I still hold the same opinion: there will be a price drop in the first one or two days of this week, followed by a continued rise in the latter half of the week.
Daily level resistance is at 110000-120450-131000, and support is at 101000-98257-94646-92120.
From Bitcoin's liquidation heatmap, we can see
The price has risen, and there are still some large short positions waiting for liquidation in the 107150-108250 area.
The price has fallen, and there are large long positions waiting for liquidation in the 103150-101150 area and the 100450-99150 area.
