The Great Immortal said: On May 20, the market sentiment is bullish, and Bitcoin is expected to reach a new high

Entering mid-May 2025, Ethereum has caught up with Bitcoin's gains, but Bitcoin has consolidated, and its volatility has dropped to a low point. The market anticipates a key breakthrough. Around 8 AM on the 19th, Bitcoin briefly broke through $107,000, and most traders expect Bitcoin to enter a new 【PriceDiscovery】 phase. There is a bullish sentiment regarding the current market structure, with expectations that prices will test historical highs again.
However, there are also cautious voices in the market, as Bitcoin has so far failed to effectively break through resistance, and a temporary pullback may occur in the short term. Compared to the stock market, Bitcoin has not significantly risen recently, especially after the US-China trade agreement, which may indicate that when funds flow out or uncertainty arises elsewhere, investors tend to seek Bitcoin purchases.
After briefly breaking through $107,000 on the morning of the 19th, Bitcoin may have rapidly retreated due to selling pressure. By around 2:30 PM on the 19th, it had touched a low of around $102,000, a pullback of nearly $5,000. As of the time of writing, it has rebounded to a quote of $105,000, with a decline of about 0.47% in the last 24 hours.
Bitcoin Four-Hour Chart

Bitcoin's price is currently fluctuating between the upper and middle bands. The upper band is starting to narrow, while the lower band is still moving down, indicating that market volatility is decreasing. If it can hold the middle band position, it may enter a new consolidation phase or attempt an upward breakout. The price is currently in a transitional period, with no clear directional choice yet.
From the KDJ indicator perspective, all three line values are in the middle position, having just formed a golden cross from a low position, indicating that it is neither in the overbought nor oversold zone. In the short term, there may be a rebound opportunity, but it needs to be confirmed with accompanying trading volume. Regarding the MACD indicator, both the DIF and DEA lines are below the zero axis. Although the green histogram has shortened, the bearish strength has not completely dissipated. A golden cross has not yet formed, and the overall situation is still in a weak recovery phase.
The price is currently oscillating near the Fibonacci 23.6% level (103896). If it cannot hold this position, it may continue to test the support level around 38.2% at 101886. Overall, market sentiment is cautious, and clearer signals need to be awaited.
In summary, the following suggestions are provided for reference
Buy Bitcoin near the pullback to around 103900, targeting 105000-106000, with a stop loss at 103300.
Giving you a 100% accurate suggestion is not as good as providing you with the right mindset and trend. After all, teaching someone to fish is better than giving them fish; the suggestion is to earn for a moment, but learning the mindset will earn for a lifetime! What matters is the mindset, grasping the trend, and planning the market layout and positions. What I can do is use my practical experience to help everyone, guiding your investment decisions and management in the right direction.
Writing time: (2025-05-20, 00:30)
(Text - Master Says Coin)