As of 12:00 CST, Bitcoin’s spot price was $34506.66 and ethereum’s was $2303.17. On the one-hour scale, Bitcoin’s price has seen nine consecutive negatives since 3:00 on the 31st, and the short side may hit the $33,858 price support point during the day. After 8:00 on the 31st, Bitcoin’s price protruded through the lower Bollinger band, and the spot price may enter an accelerated downward channel. RSI and MACD indicators collectively show that the market is bearish. By midday on the 31st, the short side still dominated the market.
Click to read more：Gate’s Daily Market Trends (May.31) Cryptocurrency market continues to wane; England's banks upgrade crypto trading regulation
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