5.5 Morning Analysis $BTC $ETH Last night, Bitcoin relied on the 78,450 level to launch a strong upward move, and the morning analysis on 5.5 showed it surged to a high of 80,771 before encountering resistance and beginning to fall back. After repeatedly tugging at the key 80,000 level, the price entered a volatile correction mode, gradually falling back to the middle band of the Bollinger Bands, forming a weak pattern of rising and falling. Currently, the price has already broken below the 80,000 level.
Looking back at the 4-hour technical chart, the coin price has been operating below the middle band of the Bollinger Bands for a long time. Each rebound is unable to break through resistance, and trading volume remains sluggish. The bears dominate, and the short-term trend leans toward sideways and downward movement. In terms of trading strategy, you can wait for a rebound around 79,900 to establish a small short position. The first target below is the 79,000 support level. If support is broken, the next level to test is the 78,128 low. For the bulls to mount a comeback, they must increase volume and stabilize above the Bollinger middle band before considering entering.
Bitcoin short at 80,300, target 78,800
Ethereum short at 2,380, target 2,310