Yesterday, the cryptocurrency market continued to be dominated by bears, with Bitcoin breaking down from above 73,500 and reaching a low of 72,553, hitting a recent monthly low. The 4-hour Bollinger Bands (30,2) show the price significantly breaking below the lower band, indicating an extremely oversold condition, but the moving average system shows a bearish divergence, and the rebound strength is weak, remaining in a short-term weak correction. Key levels: Bitcoin resistance above 73,500-73,800, support below 72,500-72,000.

BTC0.31%
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BullAndBearBattle
· 05-29 00:34
Buy the dip 😎
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