Bitcoin and Ethereum Market Analysis, May 27 (Wednesday)

Once a strategy is established, it shouldn't be easily changed; blindly altering it will only lead to losses. Monday saw a volatile rebound, but the 78,000 level wasn't broken. In live trading, a short position was successfully taken on Tuesday morning, realizing a profit of over 1,000 points. On Tuesday morning, a short position was initiated above 77,000 for Bitcoin and above 2,100 for Ethereum. The market fluctuated throughout the day, failing to establish a significant short-term trend. A strong rally in the evening pushed the price to around 78,000, causing panic among many. My live trading members decisively added to their short positions. Subsequently, the market fell again, breaking below 76,000, successfully realizing another 1,000+ points. Currently, the daily chart shows a double-digit increase followed by a decline, with 78,000 becoming a strong short-term resistance level, having failed to break through multiple previous rebounds. Further resistance levels are around 80,000 and the previous high of 82,828. The price is currently testing the support level around 75,000. If this area is broken, the next target could be 74,000 or even 73,000. If it can stabilize above 75,000, a slight rebound is possible, but the rebound is expected to be limited, unlikely to break through the strong resistance at 78,000. Continued pressure could form a double top or head and shoulders pattern, leading to further declines. Looking at shorter timeframes, continued pressure makes a significant short-term rebound unlikely; sideways consolidation at low levels suggests a potential second pullback. For specific real-time trading advice tonight, please click on my profile picture to contact me. 🤝 ⚠️Friendly Reminder: Investing involves risk; please invest cautiously. The above views are for reference only; you assume all risks!