Bitcoin recent trends

I. Current price and recent (as of 2026-05-17)

• Current price: approximately 78,000 USD (24 hours -3.1%)

• Last week: 82,000 → 78,000 USD, sharp rise and fall, high-level oscillation slightly weak

• Last month (May):

◦ Early May: strong breakout above 80,000 USD, peak at 80,500 USD

◦ Mid-May: oscillating within 78,000–82,000 range, false breakouts frequent, liquidations common

◦ 16th: increased volume broke below 78,000, short-term panic, nearly 150,000 liquidations

II. Key ranges (most critical in short term)

• Strong resistance: 81,500–82,500 USD (multiple top reversals)

• Core oscillation zone: 78,000–81,500 USD (current main range)

• Strong support: 75,500–77,000 USD (multiple lows since April)

III. Drivers and bearish factors (why sideways + weak)

Bullish

• Institutional ETF continuous net inflow, total exceeds 56 billion USD

• Post-halving scarcity narrative strong, long-term cost support around 78,000 USD

Bearish (mainly recent suppression)

• US April CPI higher than expected, Fed rate cut delay, USD strengthening

• US “Clear Law” review, increased regulatory uncertainty

• High leverage at top levels, frequent “liquidation → sell-off,” volatility intensifies

IV. Brief market outlook (late May)

• High probability (60%): oscillation between 77,000–82,000, waiting for Fed June meeting or large ETF net inflow to break out

• Upside breakout: stabilize above 82,500 → target 85,000–90,000

• Downside breakout: lose 77,000 → retrace to 73,000–75,000

V. One-sentence summary

May Bitcoin: oscillating around 80,000, high-level oscillation slightly weak, wait for news to choose direction.