Analysis on the evening of May 16 $BTC

Current price: 65,663.6 USDT, intraday decline of 1.31%, high point of 67,255.4, low point of 65,607.1; net outflow of funds is 46.58 million, and the bearish selling pressure continues to be evident.
The core driver of the market is the FOMC meeting on the eve, with the market pricing in Federal Reserve policy expectations in advance, causing overall pressure on cryptocurrencies to weaken.
Bollinger Bands (BOLL) technical signals (parameters 20, 2)
Reference for bands: middle band 66,258.1, upper band 66,840.7, lower band 65,675.6
The price entity broke below the Bollinger middle band, officially entering a weak operation zone in the middle-lower bands, with the short-term bullish pattern temporarily weakening;
The short-term K-line continues to approach the lower band, with the lower band at 65,675.6 as the current first support level. If volume increases and it breaks below, the downward space will further open;
The upper middle band at 66,258.1 turns into short-term strong resistance. Until the rebound can stabilize above this level, the market remains in a bearish structure. Near 66,800-67,500, targeting 65,200-64,500 #BTC #ETH #BTC走势分析