📊 $BTC (May 23, 2025 20:55) | Long/Short Index: 60 / 100 (Slightly Bullish)

BTC experienced a sudden surge in volume and a sharp decline this evening, triggering short-term panic, but the mid-term structure remains resilient. Attention should be paid to the stability of the support zone.

🔹 15-Minute Chart: A surge in volume led to a sharp decline, with the RSI briefly breaking below 30, and Stoch showing a quick golden cross, indicating potential technical recovery in the short term;

🔹 1-Hour Chart: MACD death cross expands, RSI stabilizes above 30 after dipping, and the lower Bollinger band was pierced before quickly rebounding, showing initial signs of a "false breakdown";

🔹 4-Hour Chart: First time breaking below MA25, MACD momentum clearly converges, price approaches the previous platform support around 107,000, and if lost, it will enter a mid-term structural test period.

📉 Technical Indicators Summary:

(1) MACD multi-period death cross expands, momentum structure is bearish;

(2) RSI quickly reverted but did not break key levels, reflecting panic emotion rather than a trend collapse;

(3) ATR significantly rises, volatility expands, and the short-term market is in violent fluctuations;

(4) Trading volume sharply increases, suggesting strong liquidation or panic stop-loss behavior.

🧭 Macro News Update:

(1) 🇺🇸 The U.S. Department of Homeland Security's ban on Harvard's international student policy causes severe fluctuations in risk appetite;

(2) 🇺🇸 Trump threatens to impose taxes on Apple and the EU, raising tensions in China-U.S.-EU trade expectations;

(3) 📉 Latest data shows: U.S. Treasury yields collectively decline (10-year reports 4.426%, down from yesterday), U.S. dollar index softens, gold prices rise, and funds shift towards safe-haven assets;

(4) 📊 The crypto market is impacted by short-term news, but still benefits from support by risk-averse sentiment in the mid-term.

📈 📍 BTC Long/Short Trend Index: 60 / 100 (Slightly Bullish)

(1) Trend Judgment: Mid-term structure is intact, short-term volatility is due to news disturbances;

(2) Indicator Status: Rapid decline in volume + technical oversold, there may be a rebound but direction is uncertain;

(3) Key Levels: Resistance above at 112,000, support below at 106,500, if lost, the rating needs to be adjusted.

📌 Conclusion Reminder:

The market is in a "high sensitivity to news" phase, it is recommended to pay attention to the U.S. Treasury trend, U.S. dollar index, and Nasdaq reactions in the next 24 hours, while also being cautious of extreme rhetoric triggering a new wave of emotional storms.