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5.21 Bitcoin Daily Analysis
The 2074 low point currently seems to be holding temporarily,
Last night, it quickly recovered after probing around 2112 again,
Touched the range near 2150 above, with some rebound, but not strong,
The market is still operating within the support zone below,
Without a leading force, the market is stuck in a oscillating cycle.
Other small coins are soaring wildly, but the altcoin leaders remain indifferent,
Perhaps waiting for an opportunity?
As long as the support below remains,
It’s still more inclined to see a rebound,
Maybe at an unintentional moment, a big bullish candle will appear...
On the MACD side, it looks much worse than Bitcoin, especially on the daily chart,
So whether Ethereum can turn strong still depends on Bitcoin’s performance.
Nearby resistance: 2150-2160, 2180, 2201, 2233, 2250, 2285
Nearby support: 2112-2100, 2085-2074, around 2050
Note: For reference only, not investment advice.