May 27, Wednesday, Zhongling Morning BTC/ETH Market Update



Bitcoin's price once fell below the bottom of the range at 76,000, but judging from the ongoing decline, it only dipped to around 75,600 before finding support and rebounding. The bearish momentum also clearly weakened during the volume increase, entering a consolidation phase. Ethereum's trend is basically consistent with Bitcoin.

Overall, the short-term market remains in a weak oscillation and correction stage. The rebound will first face resistance at the middle band of the Bollinger Bands. If it cannot break through effectively, the bearish pattern is likely to continue, and the price will probably test the lower support again. Trading should mainly adopt a bearish approach, and when the rebound is blocked, consider short positions accordingly.

Trading suggestions:
Buy within the 76,200-76,600 range, targeting 75,000-73,500!
Buy within the 2,090-2,110 range, targeting 1,990
$BTC $ETH $SOL #股票交易挑战最高赢17000U #Gate预测市场升级聪明钱追踪 #机构资金从BTC轮动至HYPE和XRP #Polymarket每日热点
BTC-1.86%
ETH-1.58%
SOL-1.58%
HYPE0.26%
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