May 19th Afternoon BTC Market Analysis

$BTC 30-minute chart shows weak rebound, which is a technical pullback (likely dead cat bounce).

CVD (Cumulative Volume Delta) continues to decline,

indicating that this round of decline is driven by active selling, not just a liquidity exhaustion.

Currently, buy orders have a slight advantage, but it is part of bottom 'catching a falling knife' behavior, lacking strong support.

If it continues to break down, it may easily trigger order cancellations + panic selling effect.

Operation suggestion:

📉 The main short scenario continues to hold:

From a structural perspective, a downward trend has formed at the 45-minute level, and the current rebound has not broken through the key resistance area (around 104,800).

If BTC breaks below 102,400 (weak support), it will further target the range of 101,000 - 99,637.

⏳ Pay attention to data and capital changes before and after the US market opens, and respond accordingly. The period after 20:30 is the most likely time for acceleration or reversal during the day.