5.20 Wednesday, Zhongling Evening — BTC/ETH Slightly Exposed Dew



In the evening, the overall BTC chart shows a weak pattern. After the price pushed higher, it clearly met pressure and fell back. The rebound momentum of the bulls continues to weaken, and the market’s focus gradually shifts downward. After the coin price probed up to the 77,600 level, it encountered strong pressure and quickly dropped. Currently, it is consolidating in a narrow range around 77,400. In the short term, the rebound strength is limited, and there is a lack of momentum for sustained upside attempts.

On the 4-hour level, BTC has broken below the middle band of the Bollinger Bands, and the channel opening is pointing downward, strengthening the downtrend. After the moving averages formed a death cross, the bearish alignment is in place, and dense resistance has formed overhead. Any rebound is only a technical repair.

Trading recommendations:
Go long? Do short in the 77,600-77,900 range, with a daily target of 75,500!
For ETH, short in the 2,150-2,170 range, with a daily target of 2,050
$BTC $ETH $SOL #RWA总市值突破650亿美元 #Gate广场披萨节 #普京访华 #特朗普推迟打击伊朗 #马斯克诉OpenAI败诉
BTC1.07%
ETH1.16%
RWA0.93%
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