Gu Jingci: The Bitcoin/Ethereum rebound on May 21st is not a reversal, but merely a continuation of the downtrend.

Bitcoin/Ethereum has rebounded somewhat since its high, with Bitcoin showing relatively strong overall momentum, reaching the 78,000 level again. While it appears strong, there is still significant downside potential. The latest candlestick on the 4-hour chart is a small-bodied doji, indicating intense competition between bulls and bears, and the market is currently consolidating. On the daily chart, the last two candlesticks are both bullish, suggesting a short-term stabilization and rebound, but the overall trend remains a rebound within a downtrend. On the weekly chart, several bullish candlesticks were followed by a large bearish candlestick last week, and the current sideways consolidation and rebound is merely a continuation of the downtrend. Technically, the DIF line has crossed above the DEA line, forming a golden cross, and the MACD histogram remains positive and expanding, indicating a shift in short-term momentum from bearish to bullish. However, both the DIF and DEA lines are still below the zero line, suggesting an overall bearish trend. Furthermore, the recent rebound volume is lower than the massive volume during the previous decline, indicating that the rebound may be limited, and further selling pressure should be anticipated. For trading, continue holding short positions after a rally, or enter short positions again around the current price of 78000 and 2145. Short-term targets are 75500-76500 and 2060-2090. For Bitcoin, the target range is moved up to 78800, and the target for the next short position remains unchanged at 2180. We are here every day, not to prove a high win rate, but simply to let you know that our team is always present, monitoring the market 24/7, professional and reliable. Analysis and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time information.