5.24 Weekend Market Analysis
In the face of Trump's influence, conventional analysis seems to pale in comparison.
Last night, Trump preemptively spoke out about the EU-related news, which caused the price of Bitcoin ("big cake") to drop sharply from around 111,000 to about 107,000, and then rebounded to 109,000.
In the early morning, Trump signed an agreement, which again triggered fluctuations in the price of Bitcoin, dropping to 106,000. Currently, Bitcoin is fluctuating around 107,500. Following Trump's calls often yields substantial rewards; I have practiced this myself.
It is expected that the weekend market will have a slight adjustment and enter a consolidation phase. Everyone must flexibly adjust strategies based on the actual market trends.
From a technical perspective, Bitcoin is overall in a high-level fluctuation state.
The hourly MACD remains in the negative range, with the distance between the fast and slow lines widening, prompting a slight price decline.
The RSI indicator is approaching the oversold area, but has not yet entered extreme oversold conditions, indicating a short-term rebound demand. It is recommended to mainly operate with high selling and low buying over the weekend, with risk control being crucial.
Operation Reference:
When the price of Bitcoin rebounds to around 108,500 - 108,000, a short position can be attempted, targeting the price level around 106,800 - 107,200. If another related asset's price rebounds to around 2,560 - 2,540, a short position can also be taken, with target prices focusing on around 2,520 - 2,500.
Ling Mo, who has been in the cryptocurrency circle for 9 years, welcomes likes and follows to explore the crypto world together!