May 29 Market Analysis


The market has been fluctuating and declining for several consecutive days, with strong resistance above after an initial surge. Prices encountered a pullback when moving upward, with insufficient rebound strength. Currently, prices are consolidating around 7.38, having dipped to 7.25 support last night, and market sentiment is cautious.

Short-term key focus: resistance at 7.45, support at 7.25. Technical analysis shows the 4-hour Bollinger Bands are trending downward, MACD is showing a death cross and weakening, so today’s strategy is to short on rallies.
Trading suggestions:
Bitcoin: short at 7.40-7.45, target 7.30-7.25, stop loss 7.55
Altcoin: short at 2030-2060, target 1980-1950, stop loss 2080#币圈# #区块链# #美伊谈判博弈 #交易CFD送黄金 $BTC $ETH
BTC-0.49%
ETH-0.51%
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