May 29th $BTC Morning Analysis

The short-term MA10 and MA20 moving averages are intertwined and tightly bound, providing short-term support for the price; the medium- to long-term MA89 moving average remains high above, with a significant gap from the current price level, and the suppression effect of the medium-term bearish trend is still evident, making a quick rebound difficult.

Both lines are still below the zero axis, but the turning point upward is clear, the bearish momentum bars continue to narrow, and the downward momentum is significantly exhausted, indicating that the chart has the technical conditions for a rebound correction.

The indicator quickly rises from the oversold zone to form a golden cross, with sufficient short-term rebound momentum, but the J value is approaching the overbought threshold, indicating limited sustainability of the rebound, and a correction is likely after a rise. A personal suggestion from Fan: around 74,300-75,000, with a target near 73,000-72,500, and a break below to watch 71,800 #BTC #ETH #BTC走势分析