May 27 Evening Market Analysis $BTC $ETH

Last night, the US stock market opened, Bitcoin surged past the 78,000 level briefly faced resistance and pulled back, which is actually a shakeout and accumulation during the upward move, this morning it dipped to around 75,200 and stabilized. Ethereum also retraced to solidify the bottom, market panic selling pressure gradually cleared, and the bulls continued to strengthen.

The daily chart's pullback this time is a healthy correction, with the price touching the lower Bollinger Band as strong support, the medium to long-term bullish trend remains solid, and this retracement is mainly for the main players to accumulate and shake out. The hourly chart bottomed out at 75,277, building a base, and the upward momentum continues to accumulate. The brief resistance at the middle band is just digesting short-term selling pressure, not a sign of weak bulls. The bearish downward momentum has already been exhausted, and signs of stabilization are gradually appearing. The slight fluctuation is only a trap for short-term traders to clear out weak hands, not changing the overall upward trend.

Trading Suggestions
Buy in batches around 75,000-75,500 for Bitcoin, targeting near 78,000-79,500
Buy in batches around 2,050-2,070 for Ethereum, targeting near 2,140-2,160