Li Mingyang's Analysis and Weekly Trend Bullish and Bearish Strategy Explanation for the Evening of 5.31

BTC Trend: The daily chart remains bearish, with the high point moving down from 82,788, and the low point finding support around 72,450. Currently in a weak rebound phase, overall oscillating with a bearish bias. The downward channel has not been broken, MACD is below the zero line, bearish momentum has not been fully released, and the rebound is a correction within the downtrend.

ETH Trend: The daily chart is also in a downward channel, with the high point moving down from 2,423, and stabilizing around 1,963. Currently experiencing a weak rebound, with the overall bearish dominance. Structure: MACD below zero, volume shrinking, rebound lacks incremental funds, and no reversal signals have appeared.

This week, the overall trend for BTC/ETH on the daily chart is oscillating with a slight weakness, with limited rebound space. The likely scenario is a continuation of the rebound followed by a dip, with the bearish trend not reversed. Focus on trend-following short positions, with long positions kept light for testing.

Today’s BTC short positions: Entry at 75,000-75,500, stop loss at 76,200, take profit at 73,000/72,450

Long positions: Entry at 72,800-73,000, stabilize, stop loss at 72,200, take profit at 75,000

Today’s ETH short positions: Entry at 2,100-2,130, stop loss at 2,180, take profit at 2,000/1,963

Long positions: Entry at 1,980-2,000, stabilize, stop loss at 1,950, take profit at 2,100

Operate cautiously. Personal opinion‼️ Personal analysis indicates the current trend is bearish, prioritize short positions, and strictly control position sizes for long positions, focusing on quick in and out trades. $ETH