Analysis on the afternoon of May 28 $BTC


Bollinger middle band at 76043.3, upper band at 78711.6, lower band at 73375.0, the price has effectively broken through the Bollinger lower band, leaving the Bollinger channel, and the bearish trend is fully established. The Bollinger band zone above will form multiple layers of resistance.
In the short term, MA7 (74627.7) and MA30 (76155.2) are diverging downward simultaneously, and the price is running significantly below the moving averages, reinforcing the bearish arrangement. Any subsequent rebound will first face resistance from the moving averages.
DIF and DEA double lines are below the zero axis, with the bearish energy bars significantly expanding, and the downward momentum is still being released. There are no signs of momentum weakening on the chart, and the short-term downward inertia is strong.
The indicator has entered the deep oversold zone, with the J value reaching the negative threshold, indicating a need for technical correction and rebound. However, under the dominance of the large-scale bearish trend, such rebounds are only minor corrections within the decline and are unlikely to change the overall downward rhythm. The rebound target is directly 72500-71800, with a secondary target of 1950-1880 #BTC #ETH #BTC走势分析
BTC-1.97%
ETH-1.9%
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