Bitcoin encountered significant resistance after hitting a 106265-point high in the afternoon, followed by a wave of technical correction. This round of adjustment market continued to decline, gaining strong support near the 104558 point, from a technical point of view, the technical correction of Bitcoin's previous rise. Although the price has broken below the middle of the Bollinger Bands, the lower band area has begun to show obvious signs of support, and the fast and slow lines are still running above the zero line, indicating that the market as a whole is still in a bullish pattern. The volume continued to shrink during the decline, indicating that the bearish momentum is weakening. Bitcoin's 4-hour candlestick action shows that the price has formed a solid platform resistance around 110,000, and the price has encountered strong pressure on both upward tests before falling back quickly, which fully demonstrates the strong resistance characteristics of this level. At present, the market as a whole is showing a correction trend, and the 110000 mark has become a key critical point for short-term bears. If the price breaks through this point strongly, the bullish power is expected to be further released, pushing the market into an upward channel; On the contrary, if the pressure continues below 110,000, there is a high probability that the shock and fall pattern will continue, although the decline process may appear tortuous due to the repeated game of long and short. In addition, the uncertainty of the recent movement of the dollar index has increased the volatility of the bitcoin market. The strength of the U.S. dollar makes the price of Bitcoin lack the momentum to continue to rise or fall, and the market frequently shuffles back and forth, making it difficult for the long and short sides to form a clear dominant advantage in the short term. In terms of operation strategy, in view of the volatile nature of the current market, short-term trading still needs to adhere to the idea of selling high and buying low.
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Ethereum's move has shown similar technical characteristics, with the price retreating from the 2648 high and resuming its upward trend after successfully building a short-term bottom in the 2587 area. Ethereum's 4-hour K-line pattern shows a classic triangle range contraction and shock trend, and the long and short sides are engaged in a fierce game at key prices. At present, the lower neckline support level of the range is stable around 2450, and if this level is effectively broken, it will trigger a continuation of the short-term bearish trend; The upper pressure level is concentrated at the 2800 line, and a break above this level is expected to open upside and establish a bullish dominance pattern. These two key price levels constitute a watershed for short-term bulls and bears, and it is necessary to pay close attention to the breakthrough of the price to the range boundary to determine the trend direction. From the perspective of technical indicators, the Bollinger Bands show a clear closing state, with the continuous compression of the range, the market volatility continues to narrow, and the price fluctuation base returns to the normal level of shock. This pattern is often a precursor to a trend that is about to choose its direction, signaling a possible directional breakout in the near term. #成长值抽奖,赢 iPhone 16 和精美周边 #特朗普关税进展 #稳定币支付量达942亿美元
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User03
· 2025-05-31 00:12
Hold on tight, we're about to go to da moon 🛫Hold on tight, we're about to go to da moon 🛫
Bitcoin encountered significant resistance after hitting a 106265-point high in the afternoon, followed by a wave of technical correction. This round of adjustment market continued to decline, gaining strong support near the 104558 point, from a technical point of view, the technical correction of Bitcoin's previous rise. Although the price has broken below the middle of the Bollinger Bands, the lower band area has begun to show obvious signs of support, and the fast and slow lines are still running above the zero line, indicating that the market as a whole is still in a bullish pattern. The volume continued to shrink during the decline, indicating that the bearish momentum is weakening. Bitcoin's 4-hour candlestick action shows that the price has formed a solid platform resistance around 110,000, and the price has encountered strong pressure on both upward tests before falling back quickly, which fully demonstrates the strong resistance characteristics of this level. At present, the market as a whole is showing a correction trend, and the 110000 mark has become a key critical point for short-term bears. If the price breaks through this point strongly, the bullish power is expected to be further released, pushing the market into an upward channel; On the contrary, if the pressure continues below 110,000, there is a high probability that the shock and fall pattern will continue, although the decline process may appear tortuous due to the repeated game of long and short. In addition, the uncertainty of the recent movement of the dollar index has increased the volatility of the bitcoin market. The strength of the U.S. dollar makes the price of Bitcoin lack the momentum to continue to rise or fall, and the market frequently shuffles back and forth, making it difficult for the long and short sides to form a clear dominant advantage in the short term. In terms of operation strategy, in view of the volatile nature of the current market, short-term trading still needs to adhere to the idea of selling high and buying low.
==================================
💎
💎
==================================
Ethereum's move has shown similar technical characteristics, with the price retreating from the 2648 high and resuming its upward trend after successfully building a short-term bottom in the 2587 area. Ethereum's 4-hour K-line pattern shows a classic triangle range contraction and shock trend, and the long and short sides are engaged in a fierce game at key prices. At present, the lower neckline support level of the range is stable around 2450, and if this level is effectively broken, it will trigger a continuation of the short-term bearish trend; The upper pressure level is concentrated at the 2800 line, and a break above this level is expected to open upside and establish a bullish dominance pattern. These two key price levels constitute a watershed for short-term bulls and bears, and it is necessary to pay close attention to the breakthrough of the price to the range boundary to determine the trend direction. From the perspective of technical indicators, the Bollinger Bands show a clear closing state, with the continuous compression of the range, the market volatility continues to narrow, and the price fluctuation base returns to the normal level of shock. This pattern is often a precursor to a trend that is about to choose its direction, signaling a possible directional breakout in the near term.
#成长值抽奖,赢 iPhone 16 和精美周边 #特朗普关税进展 #稳定币支付量达942亿美元