Crypto Circle Li Ying: 5.31 Bitcoin (BTC) Latest Market Analysis and Trading Recommendations

Article release date 2026.5.31 — 00:30

Family! Bitcoin is now at 73,900. From the chart, it previously dropped sharply to around 72,500 before stabilizing, and is now slowly climbing back up. It’s like falling down and getting up to brush off the dust—first, you need to stand firm before thinking about running. Currently, the price is stuck in the middle of the moving averages, neither up nor down, but there are signs of support at the bottom, indicating that the bulls are starting to gain strength. But don’t rush; we need to see if the indicators are supportive, otherwise, chasing high could get you caught. Trading should be steady—wait for signals before acting. After all, protecting your capital is more important than making quick profits. If you catch the rhythm right this time, making gains and enjoying the feast won’t be difficult.

Technical indicators show the short-term EMA7 at 73,766, the mid-term EMA30 at 73,872, and the long-term EMA120 at 75,498. The current price is above the short- and mid-term moving averages, indicating short-term bullish dominance; however, the long-term moving average is still above, creating a pattern of resistance above and support below, with oscillation. Regarding MACD, both DIF and DEA are below the zero line, meaning the bearish momentum is weakening, and the bulls are quietly gathering strength. The Bollinger Bands are more visual: middle band at 73,615, upper band at 74,033, lower band at 73,197. The price is above the middle band, approaching the upper band but not breaking through, indicating short-term upward momentum, but the upper band faces strong resistance. Only a confirmed breakout can signal a trend reversal. Overall, the indicators lean toward sideways to bullish, but caution is needed near the upper band due to potential selling pressure.

Short-term reference:

- Buy at 73,500-73,000, exit if below 72,500, target above 74,000 aiming for 74,500

- Sell at 74,000-74,500, exit if below 75,000, target below 73,500 aiming for 73,000

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The article content is real-time and for reference only; proceed at your own risk. $BTC ‌#股票交易挑战最高赢17000U