5.14 Bitcoin Analysis



ETH 1-hour chart shows a clear trend. After spiking higher and then sharply falling yesterday, the price entered a low-level sideways consolidation, with the Bollinger Bands opening downward. The midline at 2273.60 acts as short-term strong resistance, and the upper band at 2321.74 continues to exert downward pressure. The current price of 2261.46 is below the midline, facing resistance, and the bearish trend has not reversed.
Intraday, there is low-level fluctuation, with bulls and bears in balance, and declining downward momentum, mainly repairing weakness. The rebound is clearly under pressure above, and the lower band at 2225.45 provides temporary support. In the short term, wait and see for a direction choice; if the rebound faces resistance near 2273 and continues downward, only when the price stabilizes above this level will a rebound be supported.

Suggestion: Range 2295-2320, target 2210-2100.
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