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May 25th, Monday, Zhongling Morning BTC/ETH Silk Road
Reviewing the early morning market, the coin price still maintains a weak structure, once retracing near 76,000 but facing resistance. The two dips in the early morning did not break through, and the overall trading range remains within the previous consolidation zone of 76,000~77,000. Currently, the trend has not tested upward, and the oscillation pattern has not been broken.
From a higher level, the market is in a rebound correction phase after a bottoming out, with room for further upward movement, focusing on the midline and the 79,000 gap. But the overall trend is clear, with highs gradually moving lower, and short-term lack of momentum for a breakout. On the 4-hour chart, after the price rebounded to a key zone, there was little attempt to push higher, mainly oscillating.
In the short term, expect sideways movement, mainly short positions, gradually lowering, paying attention to adding positions at high levels or maintaining good defense.
Trading suggestions:
Bitcoin (BTC) in the 77,100-77,600 range for shorting, with an intraday target of 75,000!
Ethereum (ETH) in the 2,130-2,150 range for shorting, with an intraday target of 1,930.
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