5.28 Thursday midday Bitcoin Ethereum market analysis and trading suggestions

The market has no eternal direction, only the unchanging trend.
Reviewing today's market, the continued decline persists, and the oversold rebound predicted earlier has not arrived as expected.
It is expected that the key support level at the previous top-bottom reversal of 74,000 can effectively stop the decline and trigger a rebound, but it did not stabilize as anticipated.
The bears took advantage of the weak rebound momentum to regain strength, breaking through the preset defensive bottom line.
Bitcoin dropped to around 72,660, and Ethereum also declined to around 1,965, with a fierce downtrend, and the bulls had no resistance.
The actual trading positions were directly stopped out and exited, no holding on.

After the key support was broken, the current chart shows no clear support below,
overall presenting a very weak bearish pattern.
Resistance above is heavy, the rebound is extremely weak, and the downward space has been fully opened.
Bitcoin is currently around 73,000, with the four-hour Bollinger Bands opening downward,
the candlesticks have broken below the lower band, and bearish momentum continues to release.
The middle band at 76,000-76,500 is a strong resistance zone, difficult to reach in the short term.
The next key support zone is at 72,000-71,500.
The hourly Bollinger Bands are opening sharply downward, with the middle band forming strong resistance to rebounds.
Ethereum is weakening simultaneously, with the hourly middle band at 2015 turning into strong resistance.
If no effective stabilization or rebound occurs, the next target is around 1930-1900.

BTC: Rebound in the 73,800-74,000 zone is weak, target below 72,000.
ETH: Rebound in the 1,990-2,020 zone is weak, target around 1,900.
#股票交易挑战最高赢17000U $BTC ‌$ETH ‌