Celery: Bitcoin Price Trend Prediction [5-20 15:25]

2026-05-20 07:27:06
Shareshare
As mentioned yesterday, the crypto market maintained a narrow range of consolidation due to insufficient liquidity. The northbound investment strategy given yesterday is still in place, and the overall plan remains unchanged! Today, the key focus is on Nvidia's earnings report and conference call at 4 AM on Thursday, which will likely provide some guidance to the market. My personal view is a short-term upward trend. The inauguration of Kevin Warsh as the new Fed Chairman on Friday will also provide some positive support for US stocks and cryptocurrencies. In the medium term: the bear market remains unchanged. Kevin Warsh's monetary policy stance prioritizes quantitative tightening to control inflation, placing it at a very high priority, which is a typical bearish factor. Technically, the 78500 level remains a key resistance level. A break below this level would likely lead to a return to above 80000, forming a top-to-bottom reversal pattern, potentially triggering a second top and the start of a new bear market. The strategy involves two steps: 1️⃣ Move north from 76500 as mentioned yesterday, exiting or reducing positions at 78500 and then pushing the price up to break-even; 2️⃣ If the price stabilizes at 78500, move north again, targeting 80000-81500 respectively. [Personal opinion, for reference only, not investment advice!]
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