5.27 Midday Bitcoin and Ethereum Trend Analysis

The hardest part after missing out is not admitting you were wrong, but resisting the urge to chase the high. Chasing the high once feels great, but chasing it twice might leave you standing at the top of the mountain. Missing out is okay; the next cycle, you’ll still be alive. Looking back at today’s market, Bitcoin has been fluctuating since falling back to around 75,800 early this morning. This doesn’t mean the bearish trend is exhausted; rather, it’s building momentum for a subsequent sharp decline. It has already touched the middle resistance level. Ethereum, after a brief fluctuation, started to rally upward, currently pushing above the middle support point near 2,090, but based on the current trend, the rebound momentum is weakening.

From the 1-hour chart of Bitcoin, during the fluctuation, it tested a bottom at 75,277 and then rebounded upward, but the rebound strength was weak. It was pushed down as soon as it touched the resistance level. Overall, this confirms the earlier idea: after this fluctuation, a bearish trend is expected. Ethereum experienced a rebound after the fluctuation, but the strength was insufficient. The bearish trend remains strong, supporting the earlier bearish outlook.

Trading Suggestions
Bitcoin 76,000-76,400 short, target 74,200-74,600; Ethereum 2,080-2,100 short, target 2,010-2,030; $BTC $ETH $BTC $ETH