5.19 Big Coin Morning Analysis



On Tuesday, Big Coin continued to weaken. After reaching a low of 76,000 in the early morning, it rebounded slightly and is currently consolidating around 76,700. The rebound momentum in the short term is weak. In terms of execution, it is still recommended to focus on a “sell from the highs” approach.

From the 1-hour timeframe, the KDJ three moving averages have already turned downward after entering the high zone, forming a death cross that suggests a bearish trend. The DIF line in the MACD has turned downward as well, and the bullish momentum bars continue to shorten, indicating that the bullish rebound lacks strength and the bears are in control.

Trading suggestions:
Short around 77,500-78,000, targeting 76,500-76,000.
BTC0.85%
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