May 31 Morning Analysis

The current price is at 74,037.9, rising intraday to 74,250 before facing slight resistance and pulling back, with the increase narrowing to 0.55%, and funds maintaining a net inflow.
After a round of rally, the market enters a high-level consolidation phase, with bullish momentum gradually slowing down, and short-term bulls and bears are approaching equilibrium.
Bollinger Band Structure
The middle band is at 73,804.4, the upper band at 74,173.5, and the lower band at 73,435.4. The price is stable above the Bollinger middle band, approaching the resistance zone near the upper band, with upward resistance gradually emerging, and short-term upside space is limited.
Moving Average System
The short-term MA10 and MA20 moving averages are both trending upward, forming step-like support; the medium- and long-term MA89 moving average and the Bollinger middle band form a resonant support zone, providing solid lower protection for the market.
MACD Indicator
The DIF and DEA lines are both above the zero axis and are flattening out, with the bullish momentum bars continuously narrowing, indicating that the upward acceleration is significantly weakening, and the market lacks further momentum to push higher.
A personal suggestion is around 74,300-75,000, with a target near #BTC 73,000-72,500.