May 26 Morning Analysis

Bitcoin surged higher but faced resistance and pulled back, breaking below the key support of the middle Bollinger Band. The middle band shifted from support to strong resistance, turning the short-term upward channel into a downward trend. The upper Bollinger Band has flattened, and the channel is gradually narrowing, indicating that upward momentum is significantly weakening, and the price center of gravity continues to decline.

The KDJ indicator's three lines are turning downward, entering a weak zone, confirming a potential death cross signal that indicates bearish dominance, with rebound momentum nearly exhausted. In terms of volume, the rebound phase has been continuously shrinking, with bulls unable to sustain buying, showing low market enthusiasm for chasing higher prices.

Currently, the price is clearly constrained by the middle Bollinger Band. If it cannot quickly regain the middle band, it is likely to further test the lower Bollinger Band support. Trading-wise, focus on shorting during rebounds, using the area above the middle band as a risk control zone, and follow the trend to short.

Trading suggestion: 77,700-78,200, target 75,700-76,200. $SOL $GT $BTC #美伊协议草案