Crypto Circle Li Ying: The top distribution pattern of Bitcoin on May 26 has become the Sword of Damocles! When will Ethereum's downward fluctuations come to an end? Latest market analysis
Crypto Circle Li Ying: Latest market analysis of Bitcoin on May 26
Article published on 2025.5.26----0:10
Current Bitcoin price is 107,000. Li Ying has identified signs of a pullback within the ascending channel. Specifically, the price has started to retreat after facing pressure near the upper boundary of the channel, especially as short-term indicators are more pronounced with the MACD death cross and decreasing trading volume, indicating 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 shows a top distribution pattern and bearish engulfing pattern, so Li Ying maintains the same viewpoint, suggesting that short-term traders consider reducing positions or setting stop-loss orders to avoid potential pullback risks. In terms of strategy, Li Ying remains cautious, while long-term traders should pay attention to the overall channel's protection status.
Today's reference points:
Long entry point 105,500, stop loss 104,500, stop loss 500 points, target 109,000
Short entry point 110,500, stop loss 111,000, stop loss 500 points, target 107,000
Latest analysis of Ethereum
Prior to publication, the current price of Ethereum is 2,490, and the downward trend is evident to everyone. Currently hovering around MA7 and MA30, the two moving averages are converging, indicating a clear sideways market. Li Ying analyzes that although short-term bullish signals such as hammer lines and bottom distribution patterns suggest a potential rebound, the belt hold line and top distribution pattern indicate a possible decline. Overall, Li Ying believes that the market is still tending towards a sideways consolidation. The MACD indicator shows the market is in a weak rebound state, so Li Ying recommends that traders pay attention to potential rebound opportunities in the short term, while also keeping an eye on key support and resistance levels, and adjust strategies accordingly in line with market trends. Technical bulls are dominant, and after confirming bottom support, long positions can be considered, while temporarily remaining cautious on shorts.
Short-term strategy reference:
Long entry point 2,450, stop loss 2,400, stop loss 30 points, target 2,650
Short entry point 2,650, stop loss 2,700, stop loss 30 points, target 2,500
The above is a brief analysis by Li Ying regarding the current market situation for investors' reference $BTC