On Tuesday, May 26th, Bitcoin's price strongly bounced off support levels, continuing the short-term bullish trend.



It moved upward with volatility throughout the day yesterday, survived overnight fluctuations, and currently faces slight resistance around 779 during the short-term rally, then retraced to the 770 area, maintaining above 765 in the short term.

In the four-hour chart, after last week's bottom at 742 support, there was a sharp V-shaped reversal, and the sustained bullish volume also caused Bitcoin to successfully break through the middle band and currently stay above it. The short-term trend is clearly strong, with key resistance at the 781-785 zone. If this range is broken, the upward potential will be even greater.

This morning, focus on the support levels at 765-760. If the price retraces near this area, consider going long with targets between 785-795. If the upward move fails to continue, consider shorting accordingly.
BTC2.62%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned