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A Wang An'an 5.7 Double Bottom Morning Market Analysis:
The morning double bottom continues its decline trend, with the current quote at 2331. After reaching a high of 2422 intraday, it faced resistance and moved lower, with the lowest point at 2330. From the 1-hour Bollinger Bands, the price has broken below the middle band and is approaching the lower band. In the short term, bearish momentum is clearly releasing, with net capital inflow being negative, and market selling pressure is relatively heavy.
Trading suggestion: Short-term support focuses on the 2330 level; if broken, it is likely to test near the lower Bollinger Band; resistance above first looks at the 2360-2370 range, and if the rebound does not break through, continue to be cautious and bearish. Overall, the market is oscillating sideways, so operate mainly with light positions and strict stop-loss! $ETH #Gate广场五月交易分享 #BTC回调 #稳定币储备下降