May 28th, Thursday, Zhongling, Afternoon BTC/ETH Market Update



The midday Bitcoin continues its weak downward trend, quickly dropping to around 73,000 in the early session before briefly stabilizing. Currently, it is fluctuating within the range of 73,200-73,500. The 24-hour decline exceeds 3.3%, with major cryptocurrencies generally following the decline, and market risk aversion sentiment clearly increasing.

On the news front, expectations of liquidity tightening continue to ferment, with the strengthening of the US dollar and rising yields on related assets leading to capital outflows from the crypto market. Spot trading volume has shrunk, and selling pressure has increased.

Technically, the four-hour timeframe shows a clear bearish alignment. Although the hourly chart has experienced a slight rebound after being oversold, it is only a technical correction, and the overall weak pattern remains unchanged. Continuing to watch.

Trading suggestions:
Buy within the 73,000-73,500 range, target 70,000 intraday!
Buy within the 1990-2010 range for altcoins, target 1870 intraday.
$BTC $ETH $SOL #股票交易挑战最高赢17000U #24h加密合约清算破4亿美元 #Gate预测市场升级聪明钱追踪 #美军对伊朗发动新打击 #机构资金从BTC轮动至HYPE和XRP
BTC-2.8%
ETH-4.1%
SOL-3.13%
HYPE-7.73%
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