May 28th, Thursday, Zhongling Morning BTC/ETH Market Update



Bitcoin continued its weak decline overnight, dropping from yesterday's high of $76,200 down to around $74,200, a short-term decline of nearly 2,000 points; ETH also weakened simultaneously, with a correction space of 80 points.

The market has closed with red candles for two consecutive days, completely erasing the gains from the previous three days, signaling the end of the upward trend and the start of sideways downward movement. On the four-hour chart, there are four instances of decline followed by a small rebound, indicating a weak trend. The price quickly falls back after reaching 780, with each rebound being suppressed by the bears. All three Bollinger Bands are expanding downward, indicating further downside potential. In terms of trading, follow the trend; sell short when the price rebounds to the high.

Trading suggestions:
Buy short in the $74,600-$75,000 range for Bitcoin, with an intraday target of $73,500-$72,500!
Buy short in the $2,040-$2,060 range $BTC for ETH, with an intraday target of $1,920.
BTC-3.35%
ETH-4.41%
SOL-3.97%
HYPE-9.62%
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