Friday Summary & Analysis of Bitcoin and Ethereum Market Trends and Trading Suggestions for Early Saturday, May 30

Reviewing all of Friday, the market initially suppressed then rallied, with rapid shifts between bulls and bears. During the daytime, Bitcoin traded within a narrow range, with minimal volatility, until the evening when the market quickly declined again, with Bitcoin touching a low of 72,436, setting a new weekly low. Ethereum also dipped to 1,975, then triggered a technical oversold rebound. Coupled with positive news, the market experienced a rapid surge. Short-term bulls and bears engaged in fierce battles, but the overall large-scale bearish trend remained unchanged.
In the morning, the strategy was to short on rebounds after new lows; after a rebound, a reversal was caught, resulting in a full-day long and short position, with Bitcoin gaining a total of 3,696 points and Ethereum 91 points, maintaining a steady rhythm.

Although the current rebound appears vigorous, it is mainly short covering and technical correction, driven partly by news. Overall, the major downward trend has not changed. The four-hour middle band faces significant resistance; Bitcoin is currently oscillating below the middle band in a correction phase. The Bollinger Bands remain tilted downward, indicating the main trend is still bearish. The resistance zones above Bitcoin at 74,500-75,500 and Ethereum at 2,070-2,090 are strong barriers to further rebounds. As long as these levels are not broken, the bearish trend will persist. Volume at the end of the rebound has decreased, showing less willingness to chase higher. The large-scale bearish trend remains, and after a short-term rebound, a decline is likely again.
BTC: Rebound within 74,200-75,000, with targets down near 73,300-72,500
ETH: Rebound within 2,045-2,070, with targets down near 2,000-1,950

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