5.29 Evening Market Outlook

$BTC Today is Friday, and market sentiment often becomes more volatile. Be cautious of black Friday-style market anomalies, and strictly monitor risk. Keep a tight grip on position sizing and pace, avoid blindly chasing rallies or panic selling, and prevent short-term fluctuations from disrupting your rhythm. If you are uncertain about the market situation or confused about trading strategies, or unsure how to time entries and exits, you can always reach out to Galaxy for guidance, clarify your direction, find the right rhythm, and calmly respond to market changes.

$ETH Looking at the 4-hour chart, the market is generally in a low-volatility consolidation zone after a previous sharp decline. A series of consecutive large bearish candles completed a rapid downward move. After the price fell from a high level, it entered a sideways consolidation phase. The candlestick volatility has significantly narrowed, and the bulls and bears are temporarily balanced. There are no clear signs of a one-sided breakout. Support below the consolidation zone is around 72,500, and resistance above is near 74,000. Currently, there is no strong trend indication, and this is a correction phase after a decline. On the 1-hour chart, the price center of gravity continues to shift downward, with multiple attempts to rise being met with resistance and a pullback. The bearish momentum is gradually gaining strength, and support levels are under pressure. The short-term trend is weak, and the overall situation is dominated by sideways pressure. Trading-wise, the main approach remains to sell high and buy low, with limited rebound space. The maximum rebound is expected around 74,500, so pay attention to entry timing.

Friday night Bitcoin trading suggestions: Short near 73,500-74,000, targeting 72,000;
Ethereum trading suggestions: Short near 2000-2020, targeting 1950.