$ETH 5.20 Mainstream Market Analysis

On Tuesday, the market was in a choppy range-bound consolidation, with neither bulls nor bears showing strong momentum. The early high at 77384 met resistance and pulled back; later, the session’s low touched 76107. The bears have opened up more than 1,000 points of downside space. On the daily chart, there have been consecutive bearish closes, with relatively small real bodies; the prior upward trend has been completely broken. The five-consecutive-bearish-candles pattern shows strong bearish strength. In the short term, the 4-hour pullback did not continue, forming an oscillating cycle of range-bound consolidation, but the overall trend still leans bearish.
Bitcoin (BTC) trading strategy: In the 77300-77000 range, you can place short orders directly, targeting 76000. If this breaks down, watch 75300; if it does not break, focus on short-term rebounds, and long positions can be chased up to above 77000.
Ethereum (ETH) trading strategy: In the 2145-2135 range, place shorts directly, targeting 2050; if the 2074 low is not broken, short-term longs can chase the rebound up to around 2150.
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