May 27, Wednesday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

Looking back at the early hours, the bearish momentum continued to release, and the market showed a smooth downward trend.
After Bitcoin faced resistance around the high point of 78,077 in the evening, it plummeted sharply, accelerating through the support in the early morning, with the lowest touching around 75,641.
Currently, it is consolidating around 75,900, with a clear bearish trend. Every rebound is accompanied by selling pressure, and bulls are unable to sustain.
Ethereum moved in sync, falling from the high of 2,139 to a low of around 2,053.
Overall, after the market topped out at high levels, the bears have taken control, with very weak rebound strength, and the downward channel has already opened.
Last night until early morning, the strategy was clearly bearish. The position was decisively closed at 76,635 short → exited at 75,942, gaining 693 points, with Lirun safely pocketing the profit.

The current market, after the overnight breakdown, shows obvious weakness, with no strength for a rebound, and selling pressure above remains heavy.
On the four-hour chart, after a rally to the upper band, a long upper shadow candlestick was formed, a typical sign of a top at high levels.
The larger timeframe remains in a weak oscillation pattern, with multiple resistance levels stacked above, and bulls temporarily lack the conditions for a counterattack.
On the hourly chart, all short-term moving averages have turned downward, forming a complete bearish arrangement, with successive resistance on the price candles.
The Bollinger Bands are closing and turning downward again, showing typical weak market features of rebounds failing and lows moving lower.
The 76,100-76,500 zone above has shifted from previous support to strong resistance, making short-term rebounds difficult to break effectively.

BTC: Rebound in the 76,200-76,500 range, shorting targets at 75,000, with a breakout target of 74,500
ETH: Rebound in the 2,080-2,110 range, shorting targets at 2,030, with a breakout target of 2,000
​#股票交易挑战最高赢17000U $BTC ‌$ETH ‌