After rising from the high point of 82,828, the price probed higher and then pulled back, forming a short-term downtrend. Currently, the price is oscillating within the 79,500–81,000 range, but overall it is trading below the previous key support level at the 80,000 psychological threshold, so the structure is relatively weak.



The technical structure still leans toward bullishness. The weekly and daily charts have been strong, setting the tone, and the 4-hour chart’s retracement has not yet broken the upward channel. The middle band is the watershed between bulls and bears; if price trades above it, the outlook remains that pullbacks are an opportunity to go long. In the morning session, watch whether the price can stabilize above 81,000 and then see another increase in volume to confirm the resumption of the rally; otherwise, the price will continue probing for new support.

For the morning, big coin can be bought at 79,500–79,000 with a target around 81,000. For Ethereum, buy at 2,270–2,250 with a target around 2,350. #Gate广场五月交易分享
BTC-1.63%
ETH-2.14%
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