# Bitcoin

Today 5.28 Market Analysis and Strategy
Intraday Resistance: Around 75,000
Intraday Support: Around 74,000

This round of decline is not a single pin bar, but a continuation of weakness after continuous bearish candles. After failing to break higher earlier, it has been falling all the way down, with small rebound bullish candles in the middle, indicating that the bulls are only passively resisting, while the bears are actively controlling the market. Currently, the price has dropped to around 74,100. Although there is short-term support from the lower shadow, it is still pressed at a low level, mainly a low-position correction after a breakdown. If the rebound cannot break back above 75,000, it is likely to continue testing lower levels, possibly extending to around 73,600-73,000. While there is some support below on the hourly chart, the selling pressure above is heavier. The price is now moving sideways around 74,280. This low-level sideways movement is not a strong reversal but more like a breather after a sharp drop. As long as the rebound does not increase volume or form consecutive bullish candles, the bears can still push lower at any time. The current price is not suitable for blindly shorting; it’s better to wait for a rebound to give a better entry point, with high resistance for short positions.

Bitcoin short at 74,600-74,900, target around 73,500 $BTC