5.28 Thursday BTC Morning Thoughts

The current round of bearish sentiment for Bitcoin has been fully unleashed. After a continuous decline, the oversold correction rebound is gathering momentum.
Yesterday's market was generally weak, with the four-hour chart showing a continuous downward trend. The price has been under pressure and falling since the 76,600 level, with multiple small rebounds attempted along the way, but the bulls lacked the strength to sustain them, and the weak trend persisted.
After a rapid decline to a low of 74,200, the price successfully stabilized and stopped falling. It is now showing a slight rebound, with the current price hovering around 74,500.
From a four-hour technical perspective, the price is running close to the lower Bollinger Band. The short-term bearish momentum has been fully released, and the downward sentiment has bottomed out.
Market patterns tend to reverse when extreme, and currently, the market indicators are severely oversold. The price has deviated significantly from the middle Bollinger Band, indicating a strong technical rebound demand. The short-term bullish reversal space has now opened.
Operational suggestion: Bitcoin at 74,300-74,350 to look for a rebound.
Target 75,500-76,000 $BTC $ETH $SOL