5.7 Morning



Yesterday morning saw a pullback, then a surge higher—the overall swing has basically fallen into place! Both bulls and bears are present; it’s not limited to just one direction. Go with the trend, and both sides can take the meat 🥩! Overall, there’s momentum—pushing in by 5,000 points—and you can see the clues for it all!

Bitcoin was impacted by the Fed delaying interest-rate cut expectations and a small outflow of spot ETF funds. After rallying to 82810, it quickly fell back. On the 1-hour chart, price broke below the MA7 and the middle band of the Bollinger Bands; the KDJ has entered the oversold zone, so there’s demand for a short-term technical rebound. The key defense line is 80890. As long as it doesn’t break, it will maintain high-level consolidation and keep building strength. For the rebound, watch the resistance at 81800-82000; overall, no clear reversal signal has appeared.

Bitcoin: Long low around 80000-80700, target: 82300 → 83500
ETH: Stabilize and go long at 2280-2310, target: 2380 → 2450 (breakout looks to be 2500+) #Gate广场五月交易分享 $BTC $ETH
BTC-1.51%
ETH-3.53%
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