5.22 Friday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

Reviewing the early morning Bitcoin's dip to 76,696 that found effective support, then gradually stabilized and rebounded, pushing higher again in the early hours, reaching a high of 78,063. Subsequently, due to short-term profit-taking selling pressure, it slightly retreated to around 77,400 and consolidated sideways; Ethereum moved in tandem with Bitcoin, rising to around 2,152 before pulling back, currently oscillating near 2,130. The overall center of gravity remains upward, with no obvious signs of weakening, and the bears have not been able to increase selling volume, while bullish sentiment remains strong.
Zhi Lan's actual trading yesterday mainly focused on buying on dips, with Bitcoin gaining a total of 2,712 points in space, and Ethereum gaining a total of 89 points.

Looking at the current market combined with multi-timeframe trends, the market is still in a healthy bullish correction stage after oversold conditions, with no clear signs of heavy volume decline. The four-hour Bollinger Band middle line is supported strongly at around 77,000, with candlesticks consistently staying above the middle line, indicating strong bullish support. Key resistance is around 78,300; only if it can firmly break and hold above 78,300 can the previous downtrend channel be fully broken, opening a new bullish trend. Currently, the Bollinger Band is narrowing, indicating intensified competition between bulls and bears. In the short term, the bias is bullish but has not yet formed a one-sided trend. Ethereum has strong support at around 2,120, with key resistance between 2,150 and 2,190; a breakthrough and stabilization above these levels are needed to open upward space. Overall, it is in a buildup phase during the upward process, with a clear short-term bullish pattern.

BTC: Buy on dips near 77,000, target 78,300, break above to around 79,000
ETH: Buy on dips near 2,120, target 2,150, break above to around 2,200
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