Gu Jingci: 5.23 Bitcoin/Ethereum Morning Trading Strategy and Market Analysis

Bitcoin/Ethereum overnight saw a sharp “wash” as Woshang took office, and there was a big drop. The cascade toward 73,000 and 2,050 that was emphasized several times earlier arrived as scheduled. Auntie (Ether) reached the target on time. The overall big coin (Bitcoin) is still short by a small margin. Right now, price is rapidly dipping; focus is on whether the prior daily lows near 74,900 and the 2,050 area can form a certain level of support. On the 4-hour chart, a single huge bearish candle with enormous volume has appeared, confirming that the selloff trend is accelerating, and it has effectively broken below the 2,100 and 77,000 whole-number levels. The latest 4-hour candlestick is a small-bodied bearish candle, accompanied by a notable contraction in trading volume. This shows that at current lows, bearish power has started to weaken, and the market is entering a brief consolidation or hesitation phase, but there is still no clear “stop-the-fall” signal.

On the daily chart, it closed with a large bearish candle with high trading volume, indicating that bears dominate the market and that price has made recent lows. Technically, both DIF and DEA are operating below the zero axis; the DIF line is below the DEA line. The MACD histogram is negative and continuing to expand, indicating the market is in a strong downward trend with bearish forces in control. However, you need to be alert to the possibility of a rebound from oversold conditions. Currently, both buyers and sellers at low levels are relatively cautious; this may suggest that the downward momentum in the short term could be easing, but there is not enough buying support to reverse the trend.

Trading recommendation: Go long for Bitcoin around 75,000 to 75,300, targeting around 77,000 to 78,000; go long for Ethereum around 2,050 to 2,060, targeting around 2,100 to 2,130, with “Zisun” at 74,000 and 2,020.
#TradFi交易分享挑战 #PlatinumCard作者专属 #Polymarket每日热点