5.14 Double Coin Morning Analysis



Double Coin, which was linked with Bitcoin’s volatility last night, saw a downward move. After probing a bottom at 2240 in the early hours, it stabilized and rebounded. This morning, it has been consolidating in a narrow range of 2250-2270. Overall sentiment remains weak, but downward momentum appears to be weakening.

On the daily level, the Bollinger Bands are tightening. The MACD green bars continue to shorten, suggesting bearish momentum is fading. The market is short-term oversold, which may create a need for a rebound and correction. Bitcoin’s daily upward channel remains intact, and any pullback can be viewed as an opportunity to buy the dip. Key support is at 2240-2220, with resistance at 2300-2320.

Trading Suggestions
Buy between 2230-2250, defend at 2200, target 2300.
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