On May 27th, Beijing time, the crypto market faced intense sell pressure, with Bitcoin plummeting from the 78000 level seen on the evening of the 26th. It has broken through key support levels, falling below 76000 and 75000. As of the time of writing, the lowest quote is 74730. Meanwhile, Ethereum is also experiencing a sharp decline, breaking through the 2100 mark again, with a current low quote of 2050, entering a psychological battle to defend the 2000 USD level.
This sudden drop caught many long contract investors off guard. In the past 24 hours, the total liquidation amount in the crypto derivatives market has reached a staggering 134 million USD.
Currently, the market sentiment is heavily cautious, with investors closely monitoring whether Bitcoin can find effective support around 74000, and whether Ethereum can successfully hold the critical lifeline of 2000 USD.
Bitcoin 4-hour chart
Bitcoin has broken the previous uptrend line and has returned to a weak zone. The current focus is whether the 74500 level can hold. From the BOLL perspective, the bands are opening downwards again, and the candlestick is still hovering around the middle and lower bands, indicating strong bearish sentiment. The rebound momentum is clearly insufficient. Short-term resistance is seen in the 76000-76500 range, and only if it can regain the middle band will the bulls have a chance to mount a decent counterattack.
The MACD has shown a death cross, with the green bars continuing to expand. DIFF and DEA are both moving downwards, indicating that the 4-hour bearish trend is not over yet, and there is still a momentum for short-term declines. What we fear most now is a continuous decrease in volume; if it breaks below around 74200, it could easily test the 73000 level again.
The KDJ has entered the low zone, with the J value close to oversold, suggesting a technical rebound could happen at any moment. However, I believe this position will result in more of a weak rebound rather than a trend reversal. Unless the KDJ crosses back up and the MACD contracts and turns green, the rebound space will be limited.
Looking at the Fibonacci retracement lines, the price is currently close to the 0% support area around 74224, which acts as a dividing line between bulls and bears. If it holds, there might still be a chance to rebound to the 0.236 level around 76000; however, if it fails, the market will likely open up further downside.
Therefore, the expert believes that until it stabilizes above 76000, the overall trend will remain bearish and volatile; 74200 is the short-term lifeline. If it breaks below 74200, the bears may continue to probe down to 73000. Only if it gains volume and regains 78000 will the bulls truly start to recover. The current market is a classic weak market, with no increase in transaction volume; bullish funds are hesitant to enter, and bears are reluctant to chase. Everyone is waiting for a clear signal.
The expert suggests not to rush into bottom fishing in the short term; first, see if 74200 can hold. If this level breaks, 73000 will be the next target, and that's when you should consider building your position in batches. If 74500 can hold, a short position around 76000 could be considered, with a stop-loss at 76500, targeting around 74500. The overall strategy is to mainly short at high levels and to long at lower levels—don't get greedy.
This position is very sensitive; if the direction is chosen incorrectly, you could easily get burned. The expert reminds everyone to set proper stop-losses and not to hold on stubbornly—the market dynamics are always more complex than we imagine.
Here's a 100% reliable tip: instead of just giving you a fish, let me share the correct mindset and trends. Teaching someone to fish is better than just handing out fish. A quick tip may help you earn once, but learning the strategy will help you earn for a lifetime!
Written on: (2026-05-27, 23:10)
(Written by the expert) Disclaimer: Online publications may have delays; the above advice is for reference only. Investing involves risks, and you should proceed with caution! #BTC现货ETF需求放缓风险进入高位 $BTC
