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5/17 Bitcoin Market Report: Check the Pullback Rhythm? Bitcoin Market Report [Symbol: BTC]

 5/17 Bitcoin Market Report: Check the Pullback Rhythm?

#BitcoinOpen #PullbackRhythm #MarketAnalysis #TradingStrategy #RiskManagement





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1. Market Summary

  • On May 17, Bitcoin opened at ₿102,890 with minor fluctuations.

  • Key supports on the weekly and daily charts held, signaling an end to the oversold condition.

  • On the 2-hour chart, sell volume subsided, and the 30-minute rhythm reconnect zone (102,800–102,600) is the focal point.

2. Pre-Market Highlights

  • Asia & Europe: Nikkei 225 held steady; Stoxx 600 traded mixed on growth concerns.

  • Bitcoin Futures: Traded within a ±0.3% band around 102,890.

  • Dollar & Yields: DXY at 103.5; U.S. 10-yr yield near 4.35%.

3. Price & Pullback Scenarios

  • Prev Close → Open: 102,650 → 102,890 (+0.23%)

  • Break 102,600–102,400 → test 101,200–101,000

  • Further break → drop to 100,000 then 98,500

4. Key Drivers

  • Spot ETF inflows of ~$280M sustaining institutional demand.

  • Awaiting U.S. CPI preliminary data, a key driver of yield volatility.

  • Increased whale accumulation and rising network activity supporting supply dynamics.

5. V.P.A.R Key Signals

  1. Phase: Monthly/weekly uptrend holds; daily/2-hour bands break compression into early expansion.

  2. Alignment: 30-min/2-hour EMAs (20/50/120) align upward, price securing key support.

  3. Rhythm: 30-min rhythm reconnect zone (102,800–102,600) offers another buy opportunity.

  4. Visual: Signals align across timeframes at 102,800 → 101,200 → 100,000 for clear entry/exit.

6. Outlook & Strategy

  • Short-Term: Scale into rhythm reconnect zone (102,800–102,600); stop-loss at 102,400.

  • Mid/Long-Term: If daily uptrend holds, target 105,000–107,000.

  • Risk Management: Exit on break of 101,200; cap position size at 1% of capital.

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