비트 코인 (BTC) massive drop in May 2021 is among its worst monthly performances, according to data from Bybt. The decline has divided the crypto community, with long-term investors considering the fall as a buying opportunity while short-term traders are dumping their positions out of fear.

Glassnode data suggests that long-term HODLers and miners are using the current weakness to accumulate Bitcoin. This transfer of Bitcoin from weaker hands to stronger hands is a positive sign because long-term investors are unlikely to panic and dump their holdings on every bear market correction.

일일 암호 화폐 시장 실적. 출처: 코인 360

4 월, 미국. personal consumption expenditures price index soared by 3.1% compared to a year ago, the biggest increase over 12 months since July 1992. This indicates that inflation is knocking on the doors. Several institutional investors may use the current correction to add Bitcoin to their portfolios as it is an uncorrelated asset and many consider it as a good hedge against inflation.

따라서, a sharp plunge below $30,000 looks unlikely. 하나, that does not mean a new bull market will start in a hurry. The price is likely to remain volatile and range-bound before the start of a sustained uptrend.

Let’s analyze the charts of the top-10 cryptocurrencies to spot the critical support and resistance levels.

BTC / USDT

Bitcoin is in a downtrend. The downsloping moving averages and the relative strength index in negative territory suggest the bears have the upper hand. 하나, the bulls have other plans as they are trying to start a relief rally.

BTC / USDT 일일 차트. 출처: TradingView

The BTC/USDT pair has formed a symmetrical triangle pattern. If the bulls push and sustain the price above the resistance line of the triangle, the pair could start a move to the 50% 피보나치 되돌림 수준 $44,750 그런 다음 50 일 단순 이동 평균으로 ($50,161). Such a move will suggest that the downtrend could be over.

이 가정과는 반대로, if the price turns down from the resistance line of the triangle, the pair could extend its stay inside the triangle for a few more days. A breakdown and close below the support line of the triangle will indicate the resumption of the downtrend.

The bears could then pull the price down to $30,000 and if this level cracks, the selling may intensify and the pair could drop to $28,000 그리고 $20,000.

ETH / USDT

에테르 (ETH) has rebounded sharply off the support line of the symmetrical triangle as traders attempt to put a higher low. The price could now challenge the resistance line of the triangle where the bears are likely to mount a stiff resistance.

ETH / USDT 일일 차트. 출처: TradingView

If the bulls push the price above the triangle, the ETH/USDT pair could rally to the 61.8% 되돌림 수준 $3,362.72. Such a move will suggest strong buying at lower levels. 위의 휴식 $3,362.72 may signal an end of the downtrend.

하나, 곰은 쉽게 포기하지 않을 것입니다. The downsloping 20-day EMA ($2,756) and the RSI just below the midpoint suggest the sellers have a minor advantage.

If the price turns down from the resistance line of the triangle, the bears will try to sink the price below the support line of the triangle. 그들이 성공한다면, the pair may retest the May 23 panic low at $1,728.74.

BNB / USDT

바이 낸스 코인 (BNB) slipped below the $306.61 support on May 29 but the bears could not sustain the selling pressure at lower levels. The altcoin quickly bounced back above $306.61 오월에 30, suggesting accumulation on dips.

BNB / USDT 일일 차트. 출처: TradingView

The bulls will now try to push the price to the 20-day EMA ($400), which is likely to act as a stiff resistance. 가격이 20 일 EMA에서 하락하는 경우, it will suggest the sentiment remains negative and traders are selling on rallies.

The bears will then try to pull the price down to $211.70. 반대로, if the bulls thrust the price above the 20-day EMA and the $428 저항, the BNB/USDT pair could rally to the 50-day SMA ($512).

ADA / USDT

카르 다노 (있습니다) dipped below the 50-day SMA ($1.51) 오월에 29 but the bears could not capitalize on the breakdown. The altcoin bounced back above the 50-day SMA on May 30, 낮은 수준에서 구매를 나타냅니다..

ADA / USDT 일일 차트. 출처: TradingView

The flat 20-day EMA ($1.61) and the RSI near the midpoint suggest a balance between supply and demand.

This balance will tilt in favor of the buyers if they can push and sustain the price above the downtrend line. The ADA/USDT pair could then rally to $1.94 이 수준을 넘어 서면, the next stop could be a retest of the all-time high at $2.47.

반면에, 가격이 하락 추세선에서 하락하면, the bears will once again try to break the $1.33 지원하다. 그들이 성공한다면, 쌍은 떨어질 수 있습니다 $1.24 그리고 $1.

XRP / USDT

The bears pulled XRP below the $0.88 support on May 29 그러나 그들은 낮은 수준을 유지할 수 없었습니다. The altcoin bounced back above $0.88 오월에 30, indicating strong buying by the bulls.

XRP / USDT 일일 차트. 출처: TradingView

If the buyers can propel the price above the 20-day EMA ($1.08), it will suggest that a short-term bottom has been made at $0.65. The XRP/USDT pair could then rally to the 50-day SMA ($1.32) and later to the downtrend line.

This positive view will invalidate if the price turns down from the 20-day EMA. 그럴 경우, the bears will try to pull the price back below $0.80. 그들이 그렇게 할 수 있다면, the pair may challenge the $0.65 지원하다.

DOGE / USDT

The volatility in Dogecoin (총독) has reduced due to lack of aggressive buying or selling by traders. The moving averages have completed a bearish crossover and the RSI is in the negative territory, indicating the bears have the upper hand.

DOGE / USDT 일일 차트. 출처: TradingView

If the price turns down from the 20day EMA ($0.36), the bears will try to pull the price below the critical support at $0.21. 그들이 성공한다면, the DOGE/USDT pair will complete a bearish head and shoulders pattern. The pair could then correct to $0.10 그리고 $0.05.

거꾸로, if the bulls push the price above the 20-day EMA, the pair could rise to the overhead resistance at $0.47. A breakout of this resistance could result in a rally to $0.59.

점 / USDT

폴카 닷 (점) is trying to rebound off the support at $17.50. This is a positive sign as it shows that the bulls are not waiting for a dip to $15 to buy. The altcoin could rise to the $26.50 수평, which is likely to act as a stiff resistance.

DOT / USDT 일일 차트. 출처: TradingView

The downsloping moving averages and the RSI below 40 suggest the bears have the upper hand. If the price turns down from $26.50, the DOT/USDT pair could extend its stay inside the range for a few more days.

The next bullish move could start if the buyers push the price above $26.50. That could result in a rally to $31.28 50 일 SMA로 ($33). 대안으로, the next leg of the downtrend could start if the bears sink the price below $15.

UNI / USDT

Uniswap (UNI) is in a downtrend but the bulls are trying to form a higher low at $21.50. The price rebounded off this support on May 30 and the bulls will now try to push the price above the 20-day EMA ($28.27) and the overhead resistance at $30.

UNI / USDT 일일 차트. 출처: TradingView

그들이 성공한다면, it will suggest the downtrend could be over in the short term. The UNI/USDT pair may then rally to the 50-day SMA ($33.94). This level may act as stiff resistance but if the bulls can clear the hurdle, 쌍은 상승 할 수 있습니다 $38.15.

The downsloping 20-day EMA suggests the bears have the upper hand but the RSI above 44 suggests the bulls are making a comeback.

This positive view will nullify if the price turns down from the 20-day EMA and breaks below $21.50. Such a move could result in a decline to the May 23 low at $13.04.

ICP/USDT

인터넷 컴퓨터 (ICP) broke below the $120 ...에 $168 range on May 28 but the bears have not been able to pull the price below the immediate support at $103.71. The price is stuck between $103.71 과 $120 지난 3 일 동안.

ICP/USDT daily chart. 출처: TradingView

This tight-range trading indicates indecision among the bulls and the bears. 불확실성이 하락으로 해결되면, the ICP/USDT pair could challenge the May 19 low at $86.01. 이 지지선 아래로 떨어지면 가격이 하락할 수 있습니다. $60.

반면에, 황소가 위의 가격을 밀고 유지한다면 $120, it will suggest a lack of sellers at lower levels. The pair could then gradually move up to $168. 돌파 및 마감 $168 could start a relief rally that may reach the 38.2% 피보나치 되돌림 수준 $243.08.

BCH / USDT

비트 코인 캐시 (BCH) is attempting to rise above $685.36. If bulls sustain the price above this overhead resistance, the altcoin could rise to the 20-day EMA ($821), which is likely to act as a stiff resistance.

BCH / USDT 일일 차트. 출처: TradingView

가격이 20 일 EMA에서 하락하는 경우, it will suggest the sentiment remains negative and traders are selling on every minor rally. 곰이 가격을 아래로 내리면 $600, the BCH/USDT pair could fall to $468.13.

반대로, if the bulls drive the price above the 20-day EMA, it will suggest that demand exceeds supply. That could start a rally to the 38.2% 피보나치 되돌림 수준 $919.60 그런 다음 50% 되돌림 수준 $1,059.07.

여기에 표현 된 견해와 의견은 전적으로 저자의 견해이며 반드시 Cointelegraph의 견해를 반영하는 것은 아닙니다.. 모든 투자 및 거래에는 위험이 수반됩니다. 결정을 내릴 때 스스로 조사해야합니다.

시장 데이터는 HitBTC 교환.