{"content":"$BTC {spot}(BTCUSDT) Crypto Circle Academician: Is there a medium-term risk signal in the high-level consolidation of Bitcoin on May 15? How to avoid it? Latest market analysis reference Bitcoin is currently priced at 103000. It's 3 AM Beijing time, and the Bitcoin market has been consolidating at a high level. The range-bound market can be traded. When the price falls below 103000, some people shout that there will be a big drop, and when it rises above 105500, they shout that there will be a huge surge. Just leave the circle; this environment is not suitable for you. If you don't abandon this chasing highs and selling lows mindset, you really aren't fit for the crypto world. Come back when you've learned to be friends with the trend and enemies with yourself. Now, let's look at the current market situation. The daily candlestick has returned to above the golden ratio support point of 0.786, which is the support point of 102400. As long as this level is not effectively broken, you can test long positions. If it is effectively broken, then exit with a small loss; do not hold positions. If you need to cut losses, admit when you're wrong. My test position average price is currently around 103000 for your reference. The EMA trend indicator is expanding upward, and the EMA15 trend fast line support is still stretching upward. It is expected to provide support for the candlestick around 101000. Before that, it will be difficult for Bitcoin to break the previous high and will still maintain a high-level range-bound market. The MACD top divergence trend has not ended, and the volume is decreasing. The DIF and DEA are contracting, combined with the formation of a Bollinger band ascending channel. The candlestick faces upper resistance at 106300, and the probability of horizontal consolidation in the short term is increasing. The four-hour candlestick shows a clearer pattern, especially as the candlestick has been running at the top of the EMA trend indicator. The bullish momentum is starting to contract, and the downward pressure at the top is quite evident.","images":[],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}