Pionex: Bitcoin Latest Market Analysis on May 26

Article Published on 2025.5.26----0:10

The current price of Bitcoin is 107,000. Pionex has observed signs of a pullback in the K-line operating within an ascending channel. This is specifically manifested as the price begins to retreat after being pressured near the upper boundary of the channel, especially with short-term indicators showing more pronounced signals such as the MACD death cross and weakening trading volume. Therefore, the market is currently facing further pullback pressure. The short-term moving averages approaching the price line also suggest a need for short-term adjustments. The pattern analysis indicates a top distribution and a bearish engulfing pattern. Thus, Pionex maintains its viewpoint, suggesting that short-term traders consider reducing positions or setting stop-loss orders to avoid potential pullback risks. In terms of strategy, Pionex remains cautious, and long-term traders should pay attention to the overall channel's support situation.

Today's Reference Points:

• Long Entry Point: 105,500, Stop Loss: 104,500, Target: 109,000
• Short Entry Point: 110,500, Stop Loss: 111,000, Target: 107,000

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 2,490. The downward trend is evident to everyone, currently hovering around the MA7 and MA30. The two moving averages are converging, indicating a clear sideways market. Pionex analyzes that although short-term bullish signals such as hammer lines and bottom distributions suggest a possible rebound, the waistline and top distributions indicate potential declines. Overall, Pionex believes the current market is still trending towards consolidation. The MACD indicator shows the market is in a weak rebound state, so Pionex advises traders to pay attention to possible short-term rebound opportunities while keeping an eye on key support and resistance levels, adjusting strategies in a timely manner according to market movements. Technical bulls are dominant, and after confirming bottom support, one can consider positioning for long trades while remaining cautiously short for now.

Short-term Trading Ideas:

• Long Entry Point: 2,450, Stop Loss: 2,400, Target: 2,650
• Short Entry Point: 2,650, Stop Loss: 2,700, Target: 2,500

The above is a brief analysis by Pionex regarding the current market situation for investors' reference. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights, hoping to assist others with dreams in finding their place in this unpredictable market and embarking on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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