Thursday Summary & 5.29 Friday Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

There are no perfect entries in the crypto world, only stable rhythms. Reviewing Thursday’s market, the weak trend continued, and the expected morning rebound failed to materialize, with key support levels repeatedly broken, and the bearish force dominating throughout. Bitcoin gradually declined within the range from the morning, breaking through multiple support levels, with the lowest point reaching around 72,556, and ending the day with low-range oscillations. The rebound was extremely weak, encountering heavy selling pressure with slight upward moves. Ethereum broke below the 2000 level and continued to weaken, with the lowest touching around 1965. Looking at the entire day’s market, the clear trend was a one-sided decline, with a persistent bearish trend throughout.
In live trading, early attempts to go long resulted in two small losses, with Bitcoin gaining a total of 2,394 points of profit, and Ethereum gaining 47 points. Trading involves both gains and losses; facing small losses, quickly adapting to trend changes rather than stubbornly holding, is the way to achieve overall profitability amid volatility.

Currently, the market is in an extremely weak, one-sided downtrend. Although there is a short-term need for oversold recovery, in the absence of a larger trend, any rebound should be viewed as a buying opportunity on dips. The four-hour Bollinger Bands are opening downward, with the price running along the lower band. The larger timeframe remains weak, with no change in the overall bearish pattern. Resistance in the 74,500-74,000 range is heavy and unlikely to be reached in the short term, with further downside expected. The hourly Bollinger Bands are also trending downward, with the middle band forming clear resistance; the rebound has not even stabilized above 73,800, making it difficult to break above in the short term. Ethereum’s rhythm is synchronized, with 2025 as a short-term key resistance level. The one-hour Bollinger Bands are firmly downward, with the middle band providing clear resistance; the price has not stabilized above this level. Overall, the bearish trend remains the main focus.
BTC: Rebound in the 73,500-74,000 range is short, with the target down at around 72,500; a break below targets around 72,000.
ETH: Rebound in the 2010-2030 range is short, #成长值抽奖赢金条 with the target down at around 1910.