Celery: Bitcoin Price Movement Forecast and Background Review [May 21, 12:55]

The US-Iran negotiations showed signs of easing, and the market resumed trading based on the logic of "cooling war risks." Overnight, the dollar weakened, US Treasury yields fell, and expectations of interest rate hikes declined in tandem with oil prices, boosting US stocks and cryptocurrencies (note: this is only limited to the short term), which aligns with my analysis from the previous two days. Currently, the price reached the key resistance level of 78500 this morning. The pattern remains bullish, but I have already taken profits. Next, I will wait for a breakout above 78500 before entering the market again. The principle is not to enter unless it breaks through, to prevent further consolidation; however, I will definitely not enter the market on a southbound move, as the timing is not right. My trading strategy is two-step: 1️⃣ If the market consolidates, enter on a pullback to around 77200, with a stop-loss of 700 points, targeting the 80000 level; 2️⃣ After the H-line candlestick breaks through 78500, enter on a second northbound move, targeting 80000-81500 respectively. Regarding the entry points for a medium-term bearish outlook, I will update them in real time based on market trends. [I will publish a separate article this weekend to elaborate on my views on the medium-term bearish outlook, covering aspects such as macroeconomic policies and international narratives.] This is a personal opinion for reference only and should not be used as any investment advice.