May 26 Morning



Analysis and Forecast:
During the early hours, Bitcoin faced resistance around 77,800 and began a continuous decline, with bearish sentiment gradually releasing. The price bottomed out near 76,472 before showing signs of stabilization. Currently, it is fluctuating around 76,600. Although the short-term structure is generally weak, the 75,500-76,000 area has become an earlier dense support zone, and buying interest at lower levels is gradually increasing. From the volume perspective, the decline in the early hours was accompanied by some volume increase, indicating panic selling was being released. However, the momentum for further sharp declines has significantly weakened, and funds are starting to flow back into lower positions. Technically, the MACD bearish momentum is shrinking, the KDJ indicator is showing signs of turning up after being oversold, and the RSI has re-entered the weak low zone, suggesting a short-term technical rebound is expected. The "ETH" is also retracing, falling from around 2,141 to about 2,083, currently consolidating near 2,087, with strong support between 2,040-2,060. Overall, the morning strategy is to buy on dips at lower levels, focusing on rebound opportunities after support confirmation.

Trading Suggestions:
Bitcoin: Buy near 75,500-76,000, target 77,600, 78,600.
ETH: Buy near 2,040-2,060, target 2,120, 2,150. #以太坊隐私升级路线图 $BTC $ETH
BTC-0.42%
ETH0.01%
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