Yue Ying: 5.24 Bitcoin and Ethereum Market Analysis Today, Continuous Drop—Is It a Good Time to Buy the Dip? Weekend Brief Review

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Bitcoin Technical Analysis——

Bitcoin daily chart shows the previous candle closed bullish, with a false break below the lower band and the 60-day moving average, then a rebound with a pin bar. During the day, it continued testing the 7-day moving average. The Bollinger Bands are opening downward, with short-term moving averages trending down. The MACD fast and slow lines are extending downward, breaking below the zero line, with decreasing volume bars. The KDJ is crossing upward, watch for resistance near the 50 level. The VR indicator is consolidating around 110. On the 4-hour chart, after a false break below 75,000 during the market shakeout, it stretched upward with consecutive bullish candles, breaking through the middle band and entering consolidation. Currently, it is trading above the middle band, with Bollinger Bands narrowing and parallel, short-term moving averages trending upward. The MACD fast and slow lines are crossing upward, with increasing red volume bars. The KDJ is extending upward, watch for resistance near 100. The VR indicator is consolidating around 150. Overall, due to news influences, the market has been declining continuously over the weekend. It is testing resistance near the 7-day moving average. Although there is some rebound, the resistance above is not broken, making a reversal difficult. In the short term, resistance is around 78,000; a breakout could signal continuation upward. Support is around 75,000. Short-term advice:

Bitcoin short-term suggestion: buy at 75,700 (activate strategy for profit, self-manage)

Auntie Ta Technical Analysis——

Auntie Ta four-hour chart shows consecutive bullish candles with upward stretching. Currently, it is oscillating narrowly above the middle band. The overall trend should follow Bitcoin’s, with short-term resistance near 2,200 and support near 2,000. Short-term advice:

Auntie Ta short-term suggestion: buy at 2,060 (activate strategy for profit, self-manage)

— I am Zhou Yueying, a teacher focused on technical analysis. If anyone has questions about operations or trends, feel free to discuss and learn with me! Let’s share insights and profit together! $BTC ‌#TradFi交易分享挑战 #Polymarket每日热点