Thursday evening — “Big Cake” (BTC) — Jingyi’s thoughts



BTC saw an early high and then pulled back intraday; bullish momentum has weakened; short-term price action is choppy and slightly weak, mainly serving as a shakeout. With U.S. stock-market risk assets showing more caution, BTC and ETH are both under pressure. The Bollinger Bands are tightening; today is mainly dominated by range-bound trading.

When the coin price touched the upper Bollinger Band, it fell back; the MACD red bars shortened and the RSI turned down from a high level. There is a need for short-term pullback and repair. In the medium term, the uptrend has not been broken—this is a technical correction after an upward move.

Key resistance: 79800, 82000

Key support: 78700, 77000#Gate广场五月交易分享
BTC2.78%
ETH2.26%
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