May 22 Evening Market Analysis

In the afternoon to evening session, Bitcoin surged higher then pulled back, entering a low-level consolidation phase.

Although the intraday market experienced a slight decline and the center of gravity shifted slightly downward, the long-term bullish structure remains intact. Currently, it is only a shakeout and accumulation phase in the high-level strong zone, not a trend reversal.

From the hourly chart technical pattern, the Bollinger Bands are generally narrowing and flattening, with the price facing short-term resistance below the middle band. The MACD indicator's death cross continues downward, but the bearish momentum is gradually weakening, and the downside space is limited; after the KDJ indicator entered oversold territory, its movement has dulled, showing initial signs of turning upward, and a short-term rebound momentum is building. The evening market is expected to strongly bottom out and rebound, with a high probability of reversing upward to recover the middle band resistance.

Trading Suggestions
Buy directly in the 77,000-77,300 range, with an upward target near 79,000-80,000.