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5.7 Morning Bitcoin Analysis
After the rally, Bitcoin quickly pulled back, currently in a high-level but weak oscillation pattern. The 1-hour chart has already broken below the MA7 moving average and the middle band of the Bollinger Bands, with the KDJ indicator entering the oversold zone, indicating a short-term technical rebound is needed. The current key support level is around 2330; as long as this level is not effectively broken downward, it remains in a consolidation and accumulation phase, with the first resistance for the rebound at the 2380-2400 range.
In terms of trading, you can buy in batches at the 2320-2340 range, aiming for a target of 2380-2400. $BTC $GT $ETH #Gate广场五月交易分享 #Aave起诉要求解冻7300万美元ETH