May 21 Afternoon Analysis $BTC $ETH


From the four-hour chart, Bitcoin experienced a significant correction earlier, gradually bottoming out and stabilizing after a low dip, with bearish momentum fully released and support at the bottom stable. Technical signals are generally bullish, with the short-term 7-day moving average already turning upward, forming a strong support; the MACD indicator successfully formed a golden cross, with the bullish red bars continuing to expand, and upward momentum steadily accumulating.

The KDJ indicator has entered a strong zone, with the bullish advantage gradually becoming apparent, the Bollinger Bands narrowing and slightly upward, the price center of gravity steadily rising, and the four-hour rebound structure officially taking shape.

The overall trend is highly consistent with previous predictions. After confirming support on the pullback, the bulls gained momentum, and the trend reversal signals are becoming clearer, with a high probability of continued upward movement.

Trading Suggestions
Buy in batches within the 77,000-77,500 range, targeting around 79,000-80,000.
BTC-0.24%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned