5.30 Saturday midday Bitcoin and Ethereum market analysis and trading suggestions

Going with the trend is the key to long-term survival. Looking back from early morning until now, the market rebound was blocked at a key resistance level, and the bulls were unable to push further. The market has returned to a weak consolidation, and the bears could strike again at any time. Bitcoin's rebound once surged to around 74,293, then faced resistance and pulled back. Currently trading around 73,600, Ethereum reached a high of 2,046 before oscillating downward. This wave was triggered by a technical oversold rebound, combined with news-driven momentum, leading to a quick pullback that failed to stabilize above the resistance zone.
Early morning clear signals indicated resistance at the top and a short position was taken; Zhi Lan Shi Pan decisively positioned for a short:
74233 short → exit at 73300, capturing 933 points
74254 short → exit at 73231, capturing 1023 points
Congratulations again to those who followed the rhythm and safely took profits!

Currently, the market faces multiple layers of resistance. After the rebound was pressured and pulled back, it has fallen back into the previous consolidation zone, and the larger-scale bearish trend remains unchanged. The four-hour Bollinger Bands are opening downward, and the candlesticks are still operating below the middle band of the Bollinger. The key resistance zones are around 74,000-74,500 for Bitcoin and 2,035-2,050 for Ethereum. If these levels cannot be broken with volume and stabilized, the market will seek support again. After multiple tests, the support strength will weaken, and if the rebound cannot create new highs, the price is likely to break below the 72,500 support level.
On a smaller timeframe, after a rapid surge, the market is showing clear signs of stagnation at high levels. The candlestick bodies are gradually shrinking, with more upper and lower shadows, indicating that bullish momentum is weakening and profit-taking is starting to escape.
Trading-wise, focus on shorting during rebounds when resistance is encountered; do not be fooled by rebounds into blindly chasing longs.
BTC: Short in the 73,900-74,500 rebound zone, with a target around 72,000.
ETH: Short in the 2,025-2,045 rebound #成长值抽奖赢金条 zone, with a target around 1,965.