{"id":80375,"date":"2026-05-18T08:57:14","date_gmt":"2026-05-18T01:57:14","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoin-analysis-sees-bear-trap-as-btc-price-passes-two-week-lows-under-78k\/"},"modified":"2026-05-18T08:57:14","modified_gmt":"2026-05-18T01:57:14","slug":"bitcoin-analysis-sees-bear-trap-as-btc-price-passes-two-week-lows-under-78k","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/bitcoin-analysis-sees-bear-trap-as-btc-price-passes-two-week-lows-under-78k\/","title":{"rendered":"Bitcoin analysis sees &#8216;bear trap&#8217; as BTC price passes two-week lows under $78K"},"content":{"rendered":"<div data-testid=\"post__body\">\n<p>Bitcoin (BTC) circled $78,000 on Saturday after geopolitical headwinds erased most of its May gains.<\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul>\n<li class value=\"1\">Bitcoin falls below $78,000 for the first time since the start of May.<\/li>\n<li class value=\"2\">Oil-supply woes combine with existing nerves over US bond markets, adding to headwinds for risk assets.<\/li>\n<li class value=\"3\">Support weakness has traders looking at $75,000 and under next, while optimists see a &#8220;bear trap&#8221; forming.<\/li>\n<\/ul>\n<h2>Multiple hurdles &#8220;coming together&#8221; for crypto, risk assets<\/h2>\n<p>Data from TradingView confirmed new lows of $77,614 on the day \u2014 the lowest levels since May 1.<\/p>\n<figure><img loading=\"lazy\" alt width=\"896\" height=\"646\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/btcusd2026-05-1618-47-38.png\" decoding=\"async\"><\/figure>\n<p><em>BTC\/USD one-hour chart. Source: Cointelegraph\/<\/em><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow noopener\" target=\"_blank\"><em>TradingView<\/em><\/a><\/p>\n<p>Downside pressure stemming from <a href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-price-dives-under-79k-us-bond-market-triggers-3-btc-price-rout\"><span>concerns over US government bonds<\/span><\/a> continued, with the US-Iran war also at the forefront of traders\u2019 minds.<\/p>\n<p>Iran appeared to be pressing ahead with a toll system for transit through the Strait of Hormuz \u2014\u00a0the epicenter of a global oil-supply squeeze \u2014 while keeping US traffic out.<\/p>\n<p>As <a href=\"https:\/\/x.com\/KobeissiLetter\/status\/2055632908849672221\" rel=\"nofollow noopener\"><span>reported<\/span><\/a> by trading resource The Kobeissi Letter among others, Hormuz would reportedly \u201cremain closed to the operators of Project Freedom.&#8221;<\/p>\n<p>On Friday, analysis from Mosaic Asset Company spelled out the problems of the current geopolitical and macroeconomic climate for risk assets.<\/p>\n<p>\u201cThe prospect for another inflation wave is lining up with similarities to the surge in price levels into mid-2022,\u201d it wrote in its latest <a href=\"https:\/\/www.mosaicassetco.com\/p\/mosaic-chart-alerts-0b1\" rel=\"nofollow noopener\"><span>Mosaic Chart Alerts<\/span><\/a> blog post.\u00a0<\/p>\n<blockquote><p>\u201cDisrupted supply chains from last year\u2019s trade war, impact of war on energy markets, and stimulus via large federal budget deficits are coming together at the same time.\u201d<\/p><\/blockquote>\n<figure><img loading=\"lazy\" alt width=\"896\" height=\"646\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/usoil2026-05-1618-43-32.png\" decoding=\"async\"><\/figure>\n<p><em>CFDs on US WTI crude oil one-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<p>WTI crude oil finished the week trading above $100 per barrel.<\/p>\n<h2>Bitcoin price action teases &#8220;bear trap&#8221;<\/h2>\n<p>Among Bitcoin traders, there were <a href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-risks-next-downtrend-traders-diverge-fate-82k-resistance\"><span>ongoing mixed feelings<\/span><\/a> about the bears\u2019 strength below $80,000.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-price-repeats-move-with-77-all-time-high-odds-within-a-year\"><span><em><strong>Bitcoin price history suggests 77% odds of new all-time high within a year<\/strong><\/em><\/span><\/a><\/p>\n<p>\u201cOver the last couple of days, the price has been going down slightly, while the open interest has climbed up. But things become interesting if we correlate this with Funding Rates, which have flipped negative,\u201d X trading account Cryptic Trades <a href=\"https:\/\/x.com\/CrypticTrades_\/status\/2055541935452852538\" rel=\"nofollow noopener\"><span>wrote on X<\/span><\/a>.\u00a0<\/p>\n<p>\u201cThis shows us that bears are DOUBLING DOWN right now and betting on a breakdown. It also shows that even though the market structure remains intact, bears are shorting as if a breakdown already happened. That\u2019s generally how bear-traps are formed.\u201d<\/p>\n<figure><img loading=\"lazy\" alt width=\"896\" height=\"1514\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hibafhowiaa4ayh.jpeg\" decoding=\"async\"><\/figure>\n<p><em>BTC\/USDT chart with open interest, funding rate data. Source: Cryptic Trades\/X<\/em><\/p>\n<p>For analyst Eric Coleman, a target for new local lows lay at around $75,000.<\/p>\n<p>\u201cBTC went down after the breakdown retest of the ascending triangle,\u201d he <a href=\"https:\/\/x.com\/Profericcoleman\/status\/2055653196433965434\" rel=\"nofollow noopener\"><span>summarized<\/span><\/a> alongside a chart showing relevant support\/resistance flip levels.<\/p>\n<figure><img loading=\"lazy\" alt width=\"896\" height=\"430\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hiclruexiaa-rqh.jpeg\" decoding=\"async\"><\/figure>\n<p><em>BTC\/USDT four-hour chart. Source: Eric Coleman\/X<\/em><\/p>\n<p>Examining exchange order-book liquidity, Daan Crypto Trades highlighted $71,000 as the nearest zone of interest below price.<\/p>\n<p>\u201cThe longer price compresses around this $80K region, the more liquidity will be building up on both sides which should result in a larger more aggressive move at some point,\u201d he <a href=\"https:\/\/x.com\/DaanCrypto\/status\/2055604423142076654\" rel=\"nofollow noopener\"><span>told<\/span><\/a> X followers.<\/p>\n<figure><img loading=\"lazy\" alt width=\"896\" height=\"544\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hiw38jexqaandmp.jpeg\" decoding=\"async\"><\/figure>\n<p><em>BTC\/USDT liquidation heatmap. Source: Daan Crypto Trades\/X<\/em><\/p>\n<\/div>\n<p>This article is produced in accordance with Cointelegraph&#8217;s <a href=\"https:\/\/cointelegraph.com\/editorial-policy\">Editorial Policy<\/a> and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) circled $78,000 on Saturday after geopolitical headwinds erased most of its May gains. Key points: Bitcoin falls below [&hellip;]<\/p>","protected":false},"author":5,"featured_media":80376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-80375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/80375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=80375"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/80375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/80376"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=80375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=80375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=80375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}