30 Seconds to Understand a Whole Night

From 0:00 to 9:00 on May 24th, Bitcoin and the altcoins collectively exhibited a pattern of "early morning rally, sharp rise and fall, high-level oscillation." Bitcoin oscillated upward near 75,333 in the early morning, then quickly surged with increased volume, reaching a high of around 77,427, with a short-term rebound space of over 2,000 points; but after the peak, it did not continue to break higher, and the price retreated to around 76,700 for consolidation, indicating significant selling pressure around 77,500. The altcoin's movement was similarly strong, rebounding from around 2,054, reaching a high of about 2,149, then falling back to around 2,119 for oscillation, overall showing a strong correlation with Bitcoin.

From a capital perspective, during the early morning surge, trading volume significantly increased, indicating that short-term funds actively entered the market, but after the peak, there was insufficient chasing of the rally, and some profit-taking began. Technically, both Bitcoin and the altcoins showed a slowdown after short-term MACD momentum turned strong, KDJ peaked and then fell back, and RSI returned to mid-high levels, suggesting short-term consolidation and digestion are still needed. There are no obvious sudden negative news on the market, mostly a recovery of funds after oversold conditions. Overall, last night's keywords are: low-level rebound, rapid surge, resistance at the peak, high-level oscillation. #沃什宣誓就任美联储主席 $BTC $ETH