Yue Ying: 5.30-31 Bitcoin and Ethereum Market Analysis Today, Bull and Bear Positions Realized, Weekend Brief Review

Bitcoin Technical Analysis————

The short-term strategy given earlier for Bitcoin was to go long at 72,800 and short at 74,250, with precise execution of both sides resulting in a movement of over 2,500 dollars. On the daily chart, the previous candle again slightly broke below the lower band low point and closed, opening with a slight rebound and oscillating sideways. The Bollinger Bands are opening downward, with the short-term moving average trending down. The MACD fast and slow lines are extending downward, with decreasing histogram bars. The KDJ is supported near the 0 level and turning upward. The VR indicator is consolidating around the 90 level. On the four-hour chart, the market is oscillating within a low-range box, with Bollinger Bands narrowing and the short-term moving averages running parallel. The MACD fast and slow lines have turned and crossed upward, with the red volume bars continuing to increase. The KDJ faced resistance and turned upward again, with attention to resistance near the 100 level. The VR indicator is consolidating around the 50 level. Overall, after continuing to probe downward, the market found support above around 72,000. If there is another accelerated downward move, the strong support remains in the previously mentioned 70,000-69,000 area. Currently, for the weekend, focus on short-term range-bound consolidation. There are two key resistance levels to watch: one is near the previous high of 74,200, and the other is the 7-day moving average at around 75,000. For support, initially watch the previous low. For short-term trading suggestions;

Bitcoin Short-term Trading Advice: go long at 72,800, short at 74,250 (activate the strategy and profit at your discretion)

Yitai Technical Analysis——

Yitai’s previous long position strategy missed by a few points but the idea was in line with expectations. The overall technical trend on the daily and four-hour charts can be referenced from Bitcoin. Short-term resistance is near 2,100, support near 1,930. The weekend is expected to see range adjustment, and the strategy will continue to be used. Short-term trading suggestions;

Yitai Short-term Trading Advice: short at 2,078, long at 1,970 (activate the strategy and profit at your discretion)

—— I am Zhou Yue Ying, a teacher specializing in technical analysis. If anyone has questions about operations or trends, feel free to communicate and learn with me! See you next time. #成长值抽奖赢金条 #24h加密合约清算破4亿美元 $BTC