Double Bottom Short-Term Analysis

Analysis: Rebound around 2300, go long near the bottom, first target 2260, second target 2220

The double bottom is currently showing short-term sideways to weak momentum, yesterday’s market was once dominated by strong bears, with the price quickly turning down from the previous high of 2344.88, forming a one-sided downward trend throughout the day, with the bulls under continuous pressure and unable to gain strength, and the decline continuing into the early morning. The price oscillated downward, touching the key support level at 2255 before gradually stabilizing, then started a slight rebound, currently fluctuating around 2290, with an overall neutral structure that has been somewhat repaired, but the short-term rebound has not broken through the key resistance. In the short term, the market surged earlier and then quickly fell back, consecutively closing with bearish candles below the middle band of the Bollinger, testing the key support again, with limited rebound strength, still showing a short-term bearish trend. #Gate广场五月交易分享 $BTC