Friday Summary & 5.23 Saturday Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

The crypto market has gains and losses as normal; the key is that losses do not damage the fundamentals, and gains do not lead to overexpansion. Looking back at Friday all day, the market formed a technical structure testing resistance and retesting support, accumulating energy for the next directional choice. Early morning, following the previous day's rally, Bitcoin once approached 78,063, while Ethereum moved up to 2,152. Subsequently, both faced resistance and pulled back, with a continuous decline throughout the day, not giving bulls much room for operation. After bottoming out at 76,500 in the evening without further breakdown, the price shifted into consolidation around 76,900. This kind of volume-contracted sideways movement often indicates the exhaustion of bearish momentum and the reorganization of bullish strength.

After successfully closing a long position during the early morning, the real-time trading plan caught a retracement short, but the evening long position was directly stopped out. Throughout the day, Bitcoin gained a total of 1,366 points in space, while Ethereum gained 68 points. Small losses, big gains—compound interest is the way.

Currently, combined with multiple timeframes, the support at low levels is clear. Liquidity over the weekend is relatively low, but this is often an excellent time for major players to clear out positions. When retail investors panic and cut losses, it’s the perfect moment for smart capital to accumulate at low prices. From the volume-price relationship, this round of decline is nearing its end, and short-term conditions are suitable for a rebound and recovery. Bitcoin retraced to the lower band of the four-hour Bollinger Bands for support, without effectively breaking below the previous consolidation zone of 76,500-76,000. The support below is relatively strong. On a larger scale, the market remains in a consolidation and recovery phase, not re-entering a single-sided decline. During the evening decline, although volume increased somewhat, it was significantly less than during the panic drops of previous days, indicating that selling pressure is not sustained.

BTC: Long on the support zone of 76,500-76,000, target at 77,500, break above to around 78,000
ETH: Long on the support zone of 2,110-2,100, target at 2,145, break above to around 2,200
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