5.28 Bitcoin Outlook:

Bearish dominance, any rebound is a shorting opportunity!

Today Bitcoin still followed the familiar bearish script, soaring to 75,388 last night then plunging all the way down, hitting a low of 74,114, now hovering around 74,200 to consolidate. Many people are starting to itch to buy the dip again. I clearly tell everyone: the overall trend is still bearish, any rebound is an opportunity to short, don’t get it wrong!

$BTC
Entry: Short around 747-750 on the rebound, target 754, watch for 740-730

Although it has been sideways in the 74,100-74,400 range for over three hours, this is just a consolidation during the decline, definitely not the bottom! No large bullish engulfing candles, no volume-driven rebound, so there are no effective reversal signals. The only slight positive is that the lower Bollinger Band is starting to flatten and turn slightly upward, indicating a short-term technical rebound may occur, but the rebound strength will be limited. Don’t hold too high expectations.

Important risk reminder: The overall trend is bearish, absolutely no chasing longs! Anyone chasing longs will get trapped. Do not hold any hope of luck,
If the price drops sharply below 74,000 with volume, do not think about buying the dip. Following the trend and shorting is the correct choice. #美伊谈判