5.25 Morning Analysis

Bitcoin rebounded to the middle band of the Bollinger Bands and then faced resistance and fell back, with the upper band continuing to flatten and form clear resistance. After the initial surge, the bullish momentum weakened, and the Bollinger Bands are generally converging. The upward channel is blocked, and the rebound is only a weak correction trend.

The KDJ indicator is in the overbought zone and is falling back, with the bullish momentum gradually diminishing. The indicator is turning downward, showing a potential death cross trend, and short-term bearish forces are accumulating. In terms of candlestick patterns, after the surge, there are consecutive declines, and the rebound strength of the bullish candles is weak, unable to effectively stabilize above the middle Bollinger Band, indicating a typical resistance rebound with weak support structure below.

From the overall trend perspective, the correction after this round of surge has not yet ended. The rebound lacks volume support, and multiple resistance levels above are resonating to suppress the price. The middle band is effectively resisting, and the bulls are unable to sustain their offensive. The short-term trend is biased toward bearish dominance. After the rebound faces resistance, it is highly likely to continue downward. The technical indicators clearly lean bearish, and further pullback risks should be watched carefully.

Trading suggestion: 77,200-77,700 range, target 75,200-75,700. $HYPE $ETH $BTC #PlatinumCard作者专属