5.14 Bitcoin Ethereum Market Analysis

Faith is the cornerstone of trading, always believe in the power of belief
Reviewing the evening market, the price rebounded after touching the bottom support, the highest price reached around 798 with resistance, and remained sideways consolidation overnight;姨太 synchronized with Bitcoin, rebounded from the low point of 2233 in the evening, reaching around 2270 with resistance, the largest fluctuation overnight was no more than 20 points. Jin Lin Shi Pan reported that last night, many Dandan Sali still held, no tricks brothers, originally it was good news for Sali, but a reverse fluctuation appeared, and a waterfall decline occurred directly, this kind of market is a standard washout.

From the current market situation, on the daily level, the price has continuously closed with bearish candles and fallen back to the middle band of the Bollinger Bands, but the support structure below still exists, and the probability of oscillation and recovery in the future is high; the core strong support zone is at 78,000, and only a valid break below can confirm a trend reversal. On the four-hour level, after the price broke below the lower band of the Bollinger Bands, it began to recover and rebound, currently oscillating and consolidating above the lower band. Multiple technical indicators have entered the oversold zone, indicating short-term release is sufficient, the price quickly rebounded after touching the lower band, showing a bottom-buying support signal, and the short-term bottom structure is gradually solidifying. In terms of operation, we focus on buying low.
Bitcoin: First look at around 80,000, break through to around 80,500.
姨太: First look at around 2280, break through to around 2320. $BTC $ETH