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5.25 Monday Mu Feng Bitcoin Analysis
Good morning, and a new week is here. The weekend's market movements were not simple at all. After the price bottomed out at 74,500, it experienced a strong recovery. How the decline happened, it was pulled back exactly as it fell. This round of long and short double kill operations by the dog whales, how many brothers have been defeated and buried in the sand?
From the daily chart, the moving averages are dead-crossing and showing medium-term weakness. The rebound highs are continuously moving lower, and the indicators and volume are all leaning bearish. For intraday trading, it is recommended to mainly adopt a high-short position.
Bitcoin: 77,500-77,800, target: 75,000