Friday, May 29 Bitcoin and Ethereum Market Analysis and Trading Suggestions

Don't be shaken by short-term fluctuations; the trend's direction is the main line. Looking back from early morning until now, Bitcoin found temporary support around 72,556 and rebounded, with the highest touch at 73,932 in the morning, but failed to stay above 74,000. Ethereum also tested 2029 and faced resistance. Overall, this rebound lacks momentum and strength, representing a technical correction after a continuous decline, and does not change the bearish trend. There is heavy resistance above, and the rebound could end at any time.
Yesterday's real position layout resulted in a total gain of 2,394 Bitcoin points and 47 Ethereum points throughout the day. Although there were small losses, they were covered by subsequent profits, avoiding a hard struggle. Small gains accumulate to form confidence in recovery.

In summary, after a continuous decline, the current market's rebound correction remains within a reasonable range. The overall structure is still dominated by a bearish trend, but the rebound does not signal a trend reversal. Resistance levels are layered above, and the downward space continues. The four-hour Bollinger Bands are opening downward, with the K-line currently oscillating near the lower band. The strong resistance zone is between 74,500 and 74,000. If it cannot stay above this zone, a second decline will directly test the support zone at 72,000–71,500. The hourly Bollinger Band midline has been broken above but is approaching the upper band, with multiple attempts failing to break through. Ethereum's resistance is at 2025–2035; if it cannot stabilize effectively, the second test of the previous low at 1965 will be broken through easily.
BTC: Short at 74,000–74,500, target down to 72,000, break above near 72,000 to continue upward.
ETH: Short at 2025–2050, target down to 1965, break above near 1900 to continue upward.
#成长值抽奖赢金条 $BTC ‌$ETH ‌