5.14 Bitcoin and Ethereum Market Analysis

Faith is the foundation of trading; always believe in the power of belief.
Reviewing the evening market, the price rebounded after touching the bottom support, with the highest reaching around 798 resistance, and remained sideways consolidation overnight;
The姨太 (a nickname for Ethereum) moved in sync with Bitcoin, rebounding from the low point of 2233 in the evening, with the highest around 2270 resistance, and the maximum fluctuation overnight was less than 20 points.
Jinlin Shipan still held multiple positions last night; no tricks left, brothers. Originally, it was good news for莉 (a nickname), but a reverse fluctuation occurred, leading to a waterfall decline.
This kind of market behavior is a textbook washout.

From the current market situation, on the daily chart, the price has been continuously closing lower and falling 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 it can confirm a trend reversal.
On the four-hour chart, after the price broke below the lower band of the Bollinger Bands, it began to recover and rebound, currently oscillating above the lower band.
Multiple technical indicators have entered oversold territory, and short-term momentum is quite sufficient; the price quickly rebounded after touching the lower band, showing signs of buy orders supporting the bottom at low levels, and the short-term bottom structure is gradually being solidified.
In terms of operation, we focus on buying low.

Bitcoin: First look at around 80,000, and if broken, look at around 80,500.
Ethereum: First look at around 2,280, and if broken, look at around 2,320. $BTC $ETH