May 31 Market Analysis

Current Strong Support Zone: 73,500–73,800 USDT (MA10 and MA20 dense area, combined with recent low of 72,436.9 forming double support)

Secondary Support Level: 72,400–72,800 USDT (Previous low platform + SAR indicator reversal point, if broken then trend turns bearish)

First Resistance Level: 74,500–75,000 USDT (Recent rebound high + MA5 resistance zone)

Second Resistance Level: 76,000–76,500 USDT (Upper band of the previous downtrend channel, a breakout confirms a bullish trend)

Long Entry Point Suggestions:

Conservative Long Entry Zone: 73,600–73,800 USDT (Pullback to MA10/MA20 support, RSI not overbought, can try small positions)

Aggressive Long Entry Zone: 74,200–74,400 USDT (Break above MA5 then retest confirmation, combined with increased volume for adding positions)

Stop Loss Settings: Break below 73,300 USDT (below strong support) or 72,400 USDT (secondary support break)

Take Profit Targets: First target 75,000 USDT, second target 76,500 USDT (partial profit at resistance levels)

Current Price 74,200.5 USDT has already risen above MA5, RSI6 at 69.14, approaching overbought but not in extreme zone, short-term can be seen as a bullish buildup phase. If the price can stabilize above 74,500 and break out with volume, it can be seen as a trend reversal signal, at which point positions can be increased. Note: If the price falls back below 73,500 and does not recover quickly, stop long positions and wait for a second bottom confirmation. $BTC