Currently, more and more clear signals of stabilization after the decline are appearing. Bitcoin is fluctuating around 78,150, Ethereum around 2,185, similar to midday, with no new lows and no significant rally. Narrow-range oscillation indicates that both bulls and bears are waiting and watching.


The bottom pattern has already formed. Bitcoin has not broken below 77,600 twice, and Ethereum at 2,160 is also holding up. Bollinger Bands are starting to tighten, which is a sign of a potential trend reversal. After several days of continuous decline, the bearish momentum has been largely exhausted. It’s too low to chase short positions now with high cost performance.

In terms of operation, follow what was said at midday: buy on dips.
Bitcoin around 77,700-78,000, Ethereum around 2,170-2,180, with light positions trying long, stop-loss set below the lower point. The initial targets are 78,500 and 2,210.
#Gate广场五月交易分享 $BTC $ETH
BTC-1.49%
ETH-3.05%
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