BTC market analysis on May 25

24-hour trend: sideways

[Buy and sell points]

- Buy point 1: 68000 USDT (close to the previous low and close to the EMA7 support level)

- Buy point 2: 67000 USDT (integer mark, also near the low point of the previous band)

- Long stop loss point: 66500 USDT (slightly lower than buy point 2, to prevent false breakthroughs)

- Sell point 1: 70000 USDT (integer mark, there is strong pressure near the previous high of 70666)

- Sell point 2: 71000 USDT (may continue to rise after breaking through the previous high, but there is a risk of selling pressure here)

- Short stop loss point: 71500 USDT (slightly higher than sell point 2, to prevent false breakthroughs)

[Price trend analysis]

1. K-line pattern:

- The recent price has shown a clear upward trend, especially the big positive lines on May 20 and May 15.

- From May 23 to May 25, there was a high-level consolidation, and the highest point failed to break through the previous high of 70666.

2. Technical indicators:

- MACD: Both DIF and DEA are above the zero axis, and the MACD histogram is positive, indicating that the current market is in a bull market, but there are signs of weakening.

- RSI: The current value of RSI14 is 58.08, close to the overbought range but not yet entered, indicating that the market still has a certain room for growth.

- EMA: Short-term EMA7 (68320.63) > Medium-term EMA30 (65747.07) > Long-term EMA120 (60393.97), the moving average is in a bullish arrangement, and the support is strong.

3. Trading volume:

- On May 20, the trading volume increased significantly, reaching 50817, and the trading volume fell back in the following days, but it remained at a high level overall.

- The trading volume has gradually decreased in the past three days, indicating that the market may enter a wait-and-see state. $BTC