Gu Jingci: 5.26 Bitcoin/Ethereum Evening Trading Strategy and Market Analysis


Bitcoin/Ethereum retreated in the morning, surged again in the evening, and the price levels remained unchanged, resulting in many traders losing their positions. Currently, the overall trend remains bearish, with clear resistance above, mainly focusing on the high points around 78,000 and 2,150. This is also the high point of this round of rebound after the decline. If this level is not broken, the trend remains bearish, and any rise presents an opportunity. In the past few days, overall volatility has been mainly influenced by the US-Iran conflict, but despite continuous positive news and a sharp drop in crude oil, it hasn't effectively driven a rally in the crypto market. If negotiations encounter some setbacks later, it will likely trigger another dip in the crypto market.

Evening trading advice: Continue short positions around Bitcoin's current price of 77,300 to 77,600, with targets around 75,000 to 76,000; for Ethereum, continue short positions around 2,125 to 2,140, with targets around 2,030 to 2,060, focusing on the levels near 78,200 and 2,150.
ETH-2.63%
BTC-1.93%
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