May 20th Afternoon Analysis


The short-term MA7 (76772.3) crosses below the long-term MA30 (77858.8), indicating a bearish alignment;
Price faces resistance below the short-term moving average, with clear upward resistance, and the bulls have not yet regained dominance.
MACD Indicator
DIF and DEA lines are operating below the zero axis, maintaining a bearish pattern;
The MACD histogram shows a slight rise, with both lines showing signs of turning upward, indicating that short-term downward momentum is gradually weakening and a weak rebound is brewing.
KDJ has turned upward from a low position, with the K line about to cross above the D line to form a golden cross, suggesting a short-term oversold condition.
- Resistance levels: First resistance at 77260 (Bollinger middle band + MA7), second resistance at 77850 (MA30)
- Support levels: First support at 76100 (intraday low), second support at 75980 (Bollinger lower band)
Operation Ideas
- Short-term: Around 75500-76100, consider light positions to gamble on a weak rebound, targeting around 77200, and take profit promptly when encountering resistance; if broken, watch for 77850.
BTC0.54%
ETH-0.04%
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