Yue Ying: 5.14 Bitcoin and Ethereum Market Analysis Today, Is a Top in Sight? Can the Midline of the Daily Chart Still Be Trusted?

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Bitcoin Technical Analysis ————

The previous analysis of Bitcoin indicates that the current price offers limited long opportunities. On the daily chart, three consecutive bearish candles have broken below the moving average, and the market continues to oscillate downward at the opening. The Bollinger Bands are parallel and upward, with the short-term moving average turning downward. The MACD fast and slow lines are moving downward with increasing volume bars. The KDJ is extending downward, paying attention to support near the 0 level. The VR indicator is consolidating around 190. On the four-hour chart, after being resisted at the midline, the price has continued to decline and broke below the 60-day moving average, currently testing support near the lower band. The Bollinger Bands are opening like a trumpet, with the short-term moving average trending downward. The MACD fast and slow lines are moving below the zero line with increasing volume bars. The KDJ is turning downward and may cross, with resistance near the 50 level. The VR indicator is consolidating around 130. Overall, yesterday's market tested 80,000 and rebounded, but with limited strength. The market is testing lower again, showing signs of weakening after hitting resistance. There is a probability of a shakeout within the upward structure, but in the short term, the support at the midline of the daily chart remains testable, around 79,000. Short-term advice;

Bitcoin Short-term Suggestion: Current price 79,260, buy (strategy activated with profit, manage at will)

Yitai Technical Analysis ————

Yitai's previous analysis shows that the current price offers limited space of about $60 for long trades. The overall technical outlook on the daily and four-hour charts is synchronized with Bitcoin; just follow Bitcoin for reference. The short-term resistance is around 2,380, and support is around 2,200. Short-term advice;

Yitai Short-term Suggestion: Current price 2,250, buy (strategy activated with profit, manage at will)

— I am Zhou Yue Ying, a teacher focused on technical analysis. If anyone has questions about operations or trends, feel free to communicate and learn with me! Let's share and profit together! #Gate广场五月交易分享 #比特币市占率回升至58.5% $BTC