May 27th Bitcoin and Ethereum Major Trend Analysis



From the overall trend, the monthly chart is about to close, with 76,300 at the critical watershed between bulls and bears on the monthly chart, extremely important. The weekly chart currently has strong support at the middle band of the Bollinger Bands, and there will be short-term fluctuations, but it will not break down.

The small-level three-day upward channel has not been broken, and Lao Xu has recently strongly indicated a bottoming and northward movement. Although there is resistance above, the last bottoming at Bitcoin 74,200 / Ethereum 2,007 has already formed a bottom and will not break below again. Continue to buy on dips in batches.

Morning trading suggestions
Buy around 75,700 for Bitcoin, short-term target 77,500-78,000, medium to long-term target 80,000-81,500
Buy around 2,070 for Ethereum, short-term target 2,120-2,140, medium to long-term target 2,180-2,230

The above suggestions are for reference only. Cryptocurrency trading involves risks; operate cautiously!
BTC0.58%
ETH0.98%
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