May 26 Evening Analysis

From the one-hour Bollinger Bands technical structure, the current market overall shows a clear bearish dominance. The upper band is turning downward, the channel has shifted from expansion to convergence, and the upward space is continuously being compressed. The momentum for a bullish breakout is significantly insufficient. After a rapid surge, the price pulled back from the high, forming a bearish candlestick pattern with signs of resistance, fully reflecting the presence of heavy selling pressure above. The short-term rebound is only a correction within the downtrend and has not changed the overall downward trend.

The price attempted to test the middle Bollinger Band at around 77,044 but failed to stabilize above it. This level has now become a short-term strong resistance. Each upward attempt faces strong bearish suppression. The lower Bollinger Band at 76,345 serves as a key support. The previous low has been tested, and if the rebound faces resistance, it is likely to test the support again. Overall, as long as the price cannot effectively break through and stabilize above the middle Bollinger Band, the bearish structure remains unbroken. Maintain a bearish outlook in trading, be cautious of short-term rebounds, and focus on the downside continuation opportunities after encountering resistance.

Trading suggestion: 77,700-78,200 range, target 75,700-76,200. $GT $BTC $NEAR #美军打击伊朗