5.9 Bitcoin Cash this morning, this wave of rally then pullback, the signal is already written on the chart!

The 2320 resistance level has completely failed to hold, a brief surge but unable to stabilize, quickly forming a long upper shadow, indicating selling pressure above is suffocating the rally.

Indicators are also warning simultaneously: KDJ at high levels turning down, a death cross initial formation, a correction after overbought conditions is imminent; ATR continues to decline, volatility keeps narrowing, and the advantage of the bulls in high-level oscillation is expanding.

Currently, the hesitation around 2300 is not accumulation but a weak correction after the surge! If it cannot break above 2330 today, a pullback is highly likely, with support first seen in the 2260-2240 range.

Operational suggestion: directly follow the trend in the 2320-2340 range, targeting 2230-2200. #币圈  ##Blockchain #BTC重返8万 #Gate广场五月交易分享 #Polymarket每日热点 $BTC $ETH