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The market still follows yesterday's analysis, but based on the current trend, it has shifted to a sideways slightly bearish movement. The reason is that the daily moving averages of 5 and 10 are showing a weak convergence pattern, and the trend is likely to continue downward. Keep an eye on whether the support at the 76,000 level mentioned yesterday is broken. If it is broken and a retest fails to recover, the trend remains to be shorted accordingly. #btc #eth
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From the BTC daily chart perspective, the structure has reached the upper boundary of the original consolidation center, forming a lower shadow. Its main medium-term moving averages, M20 and M60, still show a strong bullish alignment with converging trends. The short-term moving averages, 5 and 10 days, are gradually closing the gap, showing signs of forming a golden cross at this point.
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Switching to the 30-minute level for micro analysis:
From the 30-minute micro perspective, the daily consolidation center's upper boundary is around 76,000. Between May 19, 2026, and May 23, 2026, 3:30, the
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leviathan:
Can it oscillate?
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