Bitcoin/Ethereum rebounded after falling yesterday, reaching highs of around 2150 and 77500 in the morning before pulling back, indicating significant resistance above. The latest 4-hour candlestick is a bearish one with a long upper shadow, showing heavy selling pressure and hindering the bullish rebound. Furthermore, the failure to sustain the upward momentum and the engulfing pattern suggests a potential bearish reversal signal. Technical indicators, including the DIF and DEA lines, are both below the zero line. While the DIF line is above the DEA line, the distance between them is narrowing. The MACD histogram has turned from positive to negative, indicating weakening bullish momentum and a risk of a death cross. The current pullback is not over and there is still room for further decline. Evening trading recommendations: Short Bitcoin around 76500-77000, with a target of 74000-75000; Short Ethereum around 2100-2120, with a target of 2020-2050, and further targets at 78000 and 2150.
Gu Jingci: Bitcoin/Ethereum Evening Trading Strategy with Market Analysis (May 24)
2026-05-24 15:40:57
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