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5.22 Morning Market Outlook
Bitcoin oscillated downward from the 78,000 level in the early hours, falling to 77,226 before stopping its decline and rebounding. Currently, the price is trading around 7,777.
Ethereum's trend is synchronized with Bitcoin, rebounding from the 2,121 low, but facing resistance and falling back after reaching 2,153.
At present, this is only a short-term minor rebound correction, and the overall bearish trend remains unchanged. After the rally, there is still room for a decline.
Trading strategy: prioritize short positions at high levels
When Bitcoin rebounds to around 78,000, consider short positions, with the lower target at 76,500.
When Ethereum reaches the 2,140 zone, go short with the trend, targeting 2,080.