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Analysis for the morning of May 30th
Good weekend everyone, yesterday during the day Fandu repeatedly reminded everyone that 73600-900 is a no-trade zone, and how much to trade is up to you.
In the evening, after reaching the target position of 72500, it rose to around 74300, and then dropped again with about a thousand points of fluctuation.
Let's talk about today’s market target: DIF and DEA double lines are running below the zero axis, the bearish energy bars remain in an expanding state, and the downward momentum has not fully diminished.
Short-term downward pressure still exists.
Indicators have entered the oversold zone, with the J value in negative territory, indicating a need for technical correction.
However, under multiple resistances above, the rebound strength is likely to be weak.
Although Yifan is long-term bullish, the short-term still favors trading, with fluctuations around 73800-74300, targeting #BTC 73000-72500.