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BTCUSD showed a minor pullback after a massive sell-off. It reaches an low of $76000 and is currently trading at roughly $77442.
Sentiment has changed dramatically for U.S. spot Bitcoin ETFs, with roughly USD 1.58 billion in net outflows recorded over the previous five trading days. On May 13, a massive USD 633.6 million exit highlighted this aggressive de-risking trend, breaking a prior inflow streak and signaling a clear "risk-off" shift among institutional managers. With daily outflows continuing—including a USD 207.1 million withdrawal on May 18—the near-term outlook remains cautious, as Bitcoin may struggle to sustain price rallies without a fresh macro catalyst or a resurgence in spot market demand to offset this heavy institutional selling.
|
Technicals |
CMP -$77442 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$78435 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$77718 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$76383 |
CMP>365 EMA |
Bullish |
Major support- $76000/ $74800/$74000/$73290/$70000/$67000/$64000/$60000. Minor bullishness only above $81000. Any break above targets $85890/$90000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-81.88 |
|
ADX |
Neutral |
|
It is good to sell on rallies around $80000, with an SL around $85000, for a TP of $60000.
