May 23 Market Analysis

Key Level Breakdown
● First Support Level: 75,212.7 USDT (24-hour low). This is the current immediate defense line. If the price stabilizes here and shows a long lower shadow or a bullish engulfing candle, it can be seen as a short-term bottom signal.
● Second Support Level: 74,000 - 74,500 USDT range. If it breaks below 75,212, the price will enter a previous dense trading zone. This area has strong buying support and is a more stable bottom-fishing zone.
● First Resistance Level: 76,800 - 77,000 USDT. This is the area where rebounds have been repeatedly blocked recently, and it is also a critical point where the SAR indicator is about to reverse.
● Second Resistance Level: 77,637.6 USDT (current SAR indicator value). Only if the price effectively breaks through and stabilizes above this level can the short-term trend be confirmed to shift from bearish to bullish.

Long Position Strategy Suggestions
● Aggressive Long: Lightly enter long positions in the 75,200 - 75,400 range, with a stop loss below 74,800, targeting 76,500 - 76,800. This strategy is suitable for capturing oversold rebounds and requires quick entry and exit.
● Conservative Long: Wait for the price to retrace to the 74,000 - 74,500 range and show clear signs of stabilization (such as increased volume bullish candles, MACD bottom divergence) before entering, with a stop loss at 73,500, targeting above 77,000. This strategy has a higher success rate and is suitable for medium-term positioning.
● Right-Side Confirmation Long: If the price strongly breaks through 77,637.6 with increased trading volume, chase the long entry, with a stop loss at 77,000, targeting 79,000 - 80,000. This is a trend reversal confirmation signal and the safest option.