May 23rd Saturday Morning Analysis


Good morning everyone. I have reminded everyone multiple times last night that the target market sentiment could plummet at any time. $BTC BTC 4-hour candlestick chart, the market has confirmed entry into a medium-term downtrend channel, with a bearish trend dominating the rhythm.

Since the market reached a high point of 82,460.5 on May 13th, it has begun a step-by-step decline. The current price has fallen to around 75,369.9, with a low of 75,184.9. The downward momentum continues to be released.
Upper resistance: the first short-term resistance level is the MA7 (around 76,560), and the strong resistance zone is the resonance point between the lower band of the Bollinger Bands and the MA30 (77,000-77,100). Before the price stabilizes above this zone, all rebounds are weak recoveries.
- Support below: the current price has broken below the lower Bollinger Band. The key support below is the previous low of 75,184.9. If this support is broken, the market will further open the downward space.
#BTC Personal suggestion: around 76,300-76,800, with targets at 75,200-74,500. #ETH #BTC走势分析
BTC-3.24%
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