Last week, Bitcoin initially broke through $110,000 but then retreated, dropping to around $106,500. Today, it has rebounded to $109,800. This level serves as a resistance point in the recent high-level fluctuations. According to the professional indicators customized by Bit Bear, the appearance of the TD9 signal may lead to a reversal and another decline, and the simultaneous occurrence of the RSI overbought signal indicates that the price is in the overbought zone. The price is operating near the upper Bollinger Band, with the previous stage's low point at $110,600 and the recent high point at $109,600. Therefore, the resistance for Bitcoin is between $109,600 and $110,600, while the support is between the recent low of $106,500 and $107,500.
Ethereum's recent price movement has also been relatively volatile, with recent resistance at $2,560-$2,590 and support at $2,460-$2,500. On the hourly chart, the price has also shown both the TD9 reversal signal and the RSI overbought zone, with the price operating near the upper Bollinger Band. Day trading can focus on high-selling and low-buying strategies around the recent fluctuating trend.
Strategy Recommendations for May 26
Bitcoin: Short at $109,600-$110,600, targeting the support range of $106,500-$107,500, with a stop loss above $111,000.
Long at $106,500-$107,500, with the upper pressure range at $109,600-$110,600, and a stop loss below $106,000.
Ethereum: Short at $2,560-$2,590, targeting the support range of $2,460-$2,500, with a stop loss above $2,610.
Long at $2,460-$2,500, targeting the upper pressure range of $2,560-$2,590, with a stop loss below $2,440.
(The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow Bit Bear's real-time strategies.)
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