Yesterday's rebound failed to continue, and the market opened with another decline, with a large bearish candle directly pushing Bitcoin down to 76,666, Ethereum dropping to 2,085, breaking all of yesterday's lows. The current chart is very clear: the bears are back. The four-hour Bollinger bands are opening downward, and the candlesticks are hugging the lower band, with no signs of stopping the decline yet.


Trading Suggestions
BTC: Resistance in the 77,500-77,800 range, bearish outlook, target 76,000
ETH: Resistance in the 2,150-2,160 range, bearish outlook, target 2,100-2,080
Cautious and conservative traders can wait and see, not rushing to enter the market. After a sharp drop, there is a high probability of a small rebound, and until reversal signals appear, it is not recommended to bottom fish.

If the candlestick can regain and stay above 78,000 and 2,180, respectively, consider changing to a bullish stance based on market conditions; currently, there are no clear signals.
#Gate广场五月交易分享 $BTC $GT $ETH
BTC-1.49%
ETH-3.05%
GT-1.25%
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