5.28 Thursday Early Morning Bitcoin and Ethereum Analysis, and Yesterday’s Summary

Reviewing the market performance, it shows an overall downward trend. Bitcoin retreated from the high near 76,678 back to the lower area around the 74,735 low. Ethereum retreated from around 2,089 back to the lower area around the 2,051 low.
In the early hours, it was pointed out to look for a drop from around 77,000–77,500 toward the 75,500–75,000 area. Ethereum was also expected to drop toward roughly the 2,050–2,030 zone. The intraday price action overall perfectly followed the downward trend, and the idea provided upside/downside room of about 1,943 points.
This morning, it suggested being short at the current price (current price: 75,900). After the daytime move provided more than 700 points of upside room and price moved up again, it was then planned to look for a short-term rebound around 75,000–75,500. The highest it reached was 76,155, which once again provided more than 800 points of rebound room.
In the evening, it was pointed out again that the intraday rebound had not yet shown a strong recovery and repair tone, so during the evening the rebound-at-highs approach was still maintained. During the US market session, the price successfully probed down to the 74,735 low area, perfectly validating the bearish outlook.
The intraday trend once again showed a decline, perfectly validating the earlier judgment regarding the downtrend at the large-cycle level. After the market broke below the above multi-head/multi-bear midpoint, it never really recovered and remained arranged with the bears still in control overall. After this selloff reached the lower bottom support, the market has once again shifted into signs of low-level consolidation.
As we have always emphasized, a downtrend will inevitably be accompanied by rebound and corrective recovery. Since the market has already released a signal that selling pressure may be stopping, in the short term we will prioritize the rebound. The market will most likely test the overhead resistance areas again. For the next positioning, the main focus will be to look for rebounds from low levels.
Bitcoin: go long around 74,500–75,000, target the 76,000–76,500 area
Ethereum: go long around 2,030–2,050, target the 2,100–2,130 area #股票交易挑战最高赢17000U $ETH