Daily Market Interpretation — BTC 05/19

The BTC daily candlestick shows a bearish engulfing pattern following a spike, with multi-level divergence signals emerging alongside a breakdown trend. Short-term upward momentum may temporarily come to a halt, and the market is likely entering a phase of oscillation and decline.

From the 12H to daily level, although the price is currently holding above the MA30, the local candlestick presents a bearish-dominated 'torrential rain' pattern. If today’s close maintains this structure, the resistance for future spikes will significantly increase.

Current prices are above the MA30 of the 12H and daily candlesticks, theoretically suggesting the possibility of repeated oscillation within the range of 101700~106000. However, this week it is crucial to guard against the risk of a daily candlestick level bearish oscillation; ideal buying points on a larger scale require waiting for prices to break lower, while smaller scale operations can continue using the lifeline strategy.

The 4H level shows that after a rapid spike yesterday evening, a clear divergence structure has formed. The previous oscillation lower bound and moving average system provide some support, but repairing divergence requires time or space (detailed analysis will be in the subsequent video). Overall, caution is needed for the continuation of sideways movements and space-type pullbacks; in practical operations, the latter risk requires more emphasis on prevention.

From the 15-minute to 1H level, besides the divergence at the top, clear breakdown trends have emerged. Even if losses are recovered in the short term, it will be difficult to change the oscillation pattern, and the participation value is relatively low. Attention should be focused on a new wave of decline after a retracement.

Key Levels:

Short-term Resistance: 103290~104289 (15-minute breakdown retracement pressure zone) Short-term Support: 100210~98190 (suitable for quick in-and-out trading)

Second Support: 96136~94010 (1:2 risk-reward ratio reference range)

Summary: The 4H to daily moving average system still maintains a bullish structure, but the candlestick pattern is relatively weak, and the price has not exited the original oscillation range;

The 15-minute to 1H level is in the retracement phase after a top divergence breakdown, with significant resistance above, focusing on preventing a decline after the retracement in operations.