Summary of the last week of May


This week, Bitcoin and Ethereum gained 7128 points and 34824 oil, respectively, with overall volatility weakening and continuous low-level consolidation.

On Monday, opening around 770, slight fluctuations; on Tuesday and Wednesday, continued decline, with the lowest dipping to 753; on Thursday, accelerated downward to a new low of 720, then rebounded at the end of the session; on Friday, low-level oscillation, closing near 735, with the entire week in a downward consolidation.

Ethereum also weakened simultaneously, opening around 2080 on Monday; on Tuesday and Wednesday, falling to 2020; on Thursday, breaking below 2000, with a low of 1970; on Friday, a slight rebound to around 2000, overall weak downward trend.

Overall, the coin price repeatedly tests new lows, with limited rebound strength, always suppressed by overhead resistance, and no reversal signals appear. The Bollinger Bands show a weak pattern, with a clear downward channel. Key support levels are repeatedly tested; once broken, the decline will further continue, mainly weak consolidation in the short term.
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BTC-6.7%
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