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May 25th, Monday, Zhongling Morning BTC/ETH Market Update
Reviewing the early morning market, the price remains in a weak structure, once testing around 76,000 before facing resistance. The two dips in the early morning did not break through, and the overall trading range still stays within the previous consolidation zone of 76,000 to 77,000. Currently, the trend has not tested upward, and the oscillation pattern has not been broken.
From a higher level, the market is in a rebound correction phase after a bottoming out, with room for further upward movement, focusing on the midline and the 79,000 gap. But the overall trend is clear, with highs gradually decreasing, and short-term lack of momentum for a breakout. On the 4-hour chart, after rebounding to a key zone, there has been little attempt to push higher, with the overall movement mainly oscillating. In the short term, expect sideways movement, with a primarily bearish approach, gradually lowering positions, and paying attention to adding on dips at high levels or maintaining good defense.
Trading suggestions:
Buy within the 77,100-77,600 range, with a daily target of 75,000!
Sell within the 2,130-2,150 range, with a daily target of 1,930.