5.27 Bitcoin Faces Severe Resistance at High Levels, Market May Welcome a Waterfall.

In the past 6 hours, the BTC price has fluctuated in the range of 109000-110400, but lacks a clear direction. It is worth noting that the current trading volume has shrunk drastically, at only 40.82% of the average level, indicating a significant decline in market activity. However, there have been no significant large market orders recently, and the main funds appear to be holding back, suggesting that a potential trend change may be brewing. Combining with other indicators, the divergence in KDJ and the weakening MACD histogram both show an increase in downward momentum, but the price remains above the EMA24/52 moving averages, and the overall trend has not yet broken out. Patience is required.

Ethereum's current price is hovering around 2666, which is the maximum transaction volume support level indicated by the chip distribution. The hourly K-line shows a top distribution pattern, combined with a KDJ death cross, indicating a potential short-term breakdown. If this support is breached, the secondary support at 2550 will be tested. From the chip structure perspective, 2550 is a key price range with the highest transaction density. The current price is at the upper edge of this area, with intense competition between bulls and bears. Combined with the moving average system, the EMA24 has crossed below the EMA52, indicating a weakening medium to long-term trend; continue to maintain a bearish stance.

Operational Recommendations:

Short Bitcoin at 109550-110500, with a target of around 106000-103000. Stop loss at 111000.

Short Ethereum at 2650-2690, with a target of around 2500-2350. Stop loss at 2730.

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