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May 29th, Friday, Zhongling Morning BTC/ETH Market Analysis
BTC last night again tested the 72,000-73,000 range, failing to hold above the 74,000 level. ETH moved weaker in sync, hovering around 1,900-2,000.
From the four-hour timeframe, the candlesticks show long upper shadows, indicating weak bullish momentum at high levels, and insufficient buying follow-through. If volume cannot quickly increase and stabilize above 74,200 in the short term, the rebound may struggle to continue, and the market could face a second retest of lower levels.
Trading suggestions:
Buy within the 74,000-74,500 range for a target of 71,500 intraday!
Buy within the 2,030-2,050 range for a target of 1,910 intraday.
$BTC $GT $ETH #24h加密合约清算破4亿美元