Tuesday Summary & 5.27 Wednesday Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

When the surge loses momentum and cannot continue, the abyss of pullback will open its big mouth again. On Tuesday, the market showed a typical pattern of sharp rise followed by decline, with rapid switching between bulls and bears, and oscillations throughout the day. Intraday volatility was repeated, and in the evening, bearish momentum was concentrated, with very fast rhythm changes. Bitcoin initially continued its rebound and surged higher, reaching a high of around 78,077 before facing resistance and pulling back. In the evening, bears gained strength, causing a waterfall decline to around 75,809, showing a weak pattern of resistance on the rise and a downward shift of the center of gravity.
Morning outlook suggests a bearish view, with full alignment to follow the trend, as Bitcoin gained a total of 3,068 points of space throughout the day, and Ethereum gained 120 points, with both bulls and bears safely capturing gains.

Currently, the market has returned to a weak pattern, with a clear bearish trend. Multi-timeframe technical formations are collectively weakening. The key support at 76,000 for Bitcoin has been broken, opening the downside space. The 15-minute Bollinger Bands are opening downward, with K-lines continuously operating below the middle band, forming a standard bearish channel. Short-term rebounds are difficult to break through effectively, and multiple resistance levels above are stacked, so the bulls temporarily lack conditions for an attack. On the 4-hour chart, after a surge, prices quickly fell back below the middle Bollinger Band, with bulls unable to hold the key position, and all technical indicators weakening simultaneously. At this stage, do not blindly buy the dip to seek rebounds; following the trend and shorting aligns better with the current market mainline.
BTC: Rebound in the 76,600-76,800 range, short on the downside, targeting 75,000, with a break below targeting around 74,000
ETH: Rebound in the 2,085-2,095 range, short on the downside, targeting 2,040, with a break below targeting around 2,000
#股票交易挑战最高赢17000U $BTC ‌$ETH ‌