Market analysis on May 27th, 2022
From the perspective of the 2xiaos level, although it fell below the support yesterday, it immediately pulled back. On the whole, there was a panic attack caused by the flight of funds, but the overall trend did not change much. At present, it has become the support of the descending channel. If it continues to smash here, it will form a standard descending channel trend. Continue to wait and see, and those who have added positions before can also hold observation first
ETH has fallen a lot compared to BTC. From a technical point of view, ETH has fallen all the way after falling below the support, forming a falling relay, which conflicts with the trend of btc, forming an independent unilateral fall. Broke down the entire altcoin market.
Judging from the news, Europe and the United States have recently strengthened the supervision of cryptocurrencies, including the stable currency issue starting withLuna. The overall market is dominated by a bear market, but there will still be short-term hot spots and rebounds in the middle. Please observe more and move less.
The above analysis is for reference only, there are risks in the currency market, and investment should be cautious.