5.28 Evening

Thoughts and Predictions:

Bitcoin surged to 75,391 early this morning then faced resistance and pulled back, briefly dropping to around 74,100 in the early session. After the bearish sentiment was released, it entered a low-level oscillation and correction phase. Structurally, the 74,200 level has formed a short-term key support zone, with multiple tests showing support, indicating that buying interest below is gradually strengthening. However, the 75,000-75,500 area still faces significant trapped and selling pressure, so in the short term, it remains a correction after a weak oscillation. Regarding volume, there was a clear increase during the decline, followed by a decrease and sideways movement, suggesting that panic sentiment is easing, but funds are still cautious. Technically, MACD bearish momentum is weakening, KDJ is in a dull low position, and RSI is gradually moving out of oversold territory, indicating a short-term technical rebound is possible. On the news front, US stocks have recently been volatile at high levels, and the market remains cautious about future interest rate paths. The Middle East situation and risk aversion continue to disturb the risk market, and overall crypto activity has decreased. The "mistress" (altcoins) are also weakening, with a low point near 2010 showing signs of stabilization. If they can hold above 2000, a short-term rebound along with Bitcoin’s correction is possible.

Trading Suggestions:

Bitcoin: Buy near 73,200-73,700, target 75,200, 76,000.
Altcoins: Buy near 1,980-2,000, target 2,050, 2,080. #美光市值突破1万亿美元 $BTC $ETH