(5/18, Tue) btc fell -6.1% with increasing volume on daily chart which is not a good sign

Yesterday(5/17 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $46436, its lowest as $42134, its highest as $46653, its closing as $43582. Bitcoin began to decline immediately after the start of Monday, fell to $42222 at 04:00 and then rebounded with large buying volumes, but fell behind the 100MA resistance line on the 15-minute chart and reached a low at 17:15. It rebounded afterwards, but was again blocked by the 100MA resistance and ended down -6.1%.

Despite Elon Musk's tweet saying "Tesla has not sold Bitcoin," Bitcoin failed to rebound and showed a further decline than the previous day's low on the daily chart, it can be interpreted as bad signal considering falling big with increasing volume. If there is no momentum for a reversal within a few days, I guess there is a high possibility that an additional decline will come out even in small bad news.

What is currently most needed for Bitcoin's rebound is seen as a rebound in financial markets. Yesterday was the deadline for tax reporting in the US, but as there is a view that the stock market has been cut off due to the sale of stocks to reduce taxes, the possibility of rebounding again from today is highly likely.

In addition, Bitcoin dominance fell to 40.6, and as it hit back to the low for three years, it is possible to predict a scenario in which Bitcoin increases its market share(dominance) and altcoins decline. To make this scenario possible, look forward to today's Walmart earnings release. It's unlikely to happen, though...