May 29, Friday Midday Market Analysis

Bitcoin's recent overall trend remains bearish, with the daily chart showing a clear downward trend. The price continues to operate near the lower band of the Bollinger Bands, the EMA moving average system shows a bearish alignment, and the MACD remains below the zero line with increasing volume, indicating that the bearish momentum is still dominating the market. Although the KDJ and RSI are both in oversold zones, there are no obvious bullish divergence or trend reversal signals at the moment; in the short term, it is mostly weak consolidation.
On the 4-hour chart, after continuous decline, BTC shows some technical correction, with MACD bearish momentum weakening, KDJ forming a golden cross at low levels, and RSI rebounding from low levels, indicating a short-term rebound demand. However, the overall structure remains weak, with the price consistently under pressure below the EMA moving averages. The resistance in the 75,000-76,000 area is significant, and the rebound space is expected to be limited. It is still recommended to adopt a strategy of shorting on rallies.
Ethereum's trend is basically synchronized with Bitcoin, with a clear daily bearish trend as well. MACD continues to weaken, and moving averages exert obvious resistance. Although there is some low-level correction on the 4-hour chart, the pressure in the 2030-2080 range is dense, and the current rebound is more of a technical correction rather than a trend reversal.
BTC Trading Suggestions: Enter long at 73,000-72,500, with a stop loss around 72,000, and take profit at 74,000-75,500.
ETH Trading Suggestions: Enter long around 1,990, add positions at 1,950, with a stop loss at 1,920, and take profit at 2,020-2,080.