#$BTC 5.20 Evening Bitcoin and Ethereum Latest Ideas and Analysis



In this digital age, not understanding encryption technology isn't your fault, but watching the train leave without daring to board is the biggest regret. Looking back at the afternoon, Bitcoin rose from the midday low of 76,700 up to 77,663 but failed to break through the 77,800 resistance level, faced pressure, and fell back to the current level of 77,450.

From a structural perspective, the four-hour chart shows a typical high-level stagnation + double top divergence, with multiple attempts to push higher but unable to stabilize above key resistance. Each new high is weaker, volume can't keep up, a classic trap for more gains. The longer the sideways consolidation at high levels, the greater the probability of a downward breakdown—that's an iron law. The moving average system is already in a bearish arrangement, with short-term averages firmly pressing down on the price. Every rebound hits the moving averages but can't break through, signaling weakness. MACD has continued to weaken after a death cross at high levels, with increasing green bars, indicating bearish momentum isn't waning but accumulating. This suggests it's not a reversal but a continuation of the decline. Resistance above is stubborn, support below is easily broken. In terms of trading, rebounds are short opportunities—don't try to catch the bottom or bottom-fishing. Focus on key support levels below; once broken, the downside space opens further. #特朗普推迟打击伊朗

5.20 Evening Outlook
Around 77,600 for Bitcoin can be shorted, target 77,200
Ethereum around 2,135 can be shorted, target
BTC-0.03%
ETH-0.25%
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