5.28 Evening Bitcoin Market Outlook

The intraday early session saw a sharp decline with increased volume above 74,500, bottoming out at 72,558 before stabilizing. It then entered a narrow range between 72,500 and 73,500, with the current price at 72,865, near the lower end of the range. This is a weak consolidation after a decline, indicating that the overall bearish trend remains unchanged, but the downward momentum has temporarily weakened. The price has consistently stayed below the downward trendline, with short-term moving averages continuing to decline, suggesting that any rebound is likely a weak correction and a direct reversal is unlikely.

$BTC
Entry: Rebound near 735-737, with a target of 742, watch for 725-720

Important risk reminder: Tonight's market is expected to be volatile and range-bound. Strictly avoid chasing highs or selling lows. Only engage in high sell and low buy within the range, and follow the trend if a breakout occurs. Pay attention to sudden news (such as Federal Reserve officials' speeches, liquidity changes). If abnormal fluctuations occur, prioritize exiting the market and observing.#美军对伊朗发动新打击