May 26th midday Bitcoin market analysis.

Bitcoin quickly rebounded after touching the bullish-bearish dividing line at the daily level yesterday. This morning, influenced by a speech from a U.S. official, it further rose to around 1098 before declining to about 1091, currently in a sideways consolidation phase. From a weekly perspective, pay attention to the upper level at 1105 and previous highs; if a pullback occurs, the lower levels of 1077, 1042, and 102 are key support levels at the weekly level. If these levels are reached, consider buying on dips.

From a technical analysis standpoint, the overall situation is characterized by high-level fluctuations, forming multiple long upper shadow candlesticks, indicating a weak bias. The MACD histogram shows weak momentum. There are no clear reversal signals yet, and the Bollinger Bands are narrowing, indicating a recent decrease in volatility and a focus on consolidation. Given this, if it continues to be pressured above this point and fails to break through, the focus remains on short positions. (Defensive measures are crucial)

Bitcoin; short near 109500-110000, target looking at 108500-107000, risk control at 110500.

Ethereum; short near 2580-2620, target looking at 2500-22877703516.