5.24 Evening Market & Price Level Analysis (Simplified Version)

Time: 2026-05-24 20:00 | Tone: Bottoming out and rebounding, weekend low volume, oscillating with a slight strength, cautious about chasing highs
BTC Bitcoin (Current price: $77,020)
Trend: Dropped to 74,300 in the early morning and rebounded strongly, oscillating between 76,800–77,300 in the evening, average volume, rebound continues.
Resistance: 77,400 (intraday high) → 77,800 (strong resistance)
Support: 76,500 → 76,000 → 75,500
Operations:
Light short on rebound at 77,200–77,400, stop loss at 77,800, target 76,500.
Test long on pullback at 76,300–76,500, do not break, stop loss at 75,800, target 77,300.
Break below 76,000, short position with the trend, look toward 75,500.
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ETH Ethereum (Current price: $2,124)
Trend: Linked with BTC's strong rebound, breaking 2,100, oscillating at high levels with strength, about 4.7% increase over 24 hours.
Resistance: 2,150 → 2,180 (strong resistance)
Support: 2,100 → 2,050 → 2,000
Operations:
Rush to 2,140–2,150 for short, stop loss at 2,180, target 2,100.
Test long on pullback at 2,080–2,100, stop loss at 2,050, target 2,150.
Mainstream altcoins (general rise and rebound, mainly linked)
SOL: $86.55, +5.5% over 24h, support at 84, resistance at 88.
DOGE: $0.103, +3.9% over 24h, support at 0.100, resistance at 0.106.
XRP: $1.365, +3.6% over 24h, support at 1.33, resistance at 1.39.
Tip: Weekend liquidity is poor, avoid chasing highs, focus on low buy-ins, be cautious with high-altitude altcoins.
Market Sentiment & Risk Control
24h liquidations: Over 110k people, totaling $737 million, both longs and shorts liquidated, clear market shakeout.
Total market cap: $2.55 trillion, slight rebound, panic sentiment easing.
Risk control: 10–20% position size, quick entry and exit, strict stop loss, no holding through losses, no heavy positions.
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