Bitcoin May 28 Trading Plan

Intraday Support: 106700—107400

Intraday Resistance: 109500—110000

Bitcoin experienced upward manipulation yesterday, and under the influence of news, it once again faked a breakout, ending the rise. The trading volume continues to dwindle, with repeated false breakouts, and the feedback from the rise is becoming weaker. The upcoming Bitcoin conference appears to be filled with positive sentiment, but the price remains stagnant. If the conference does not deliver better-than-expected news, the price will likely continue to decline.

Intraday Trading Plan:

Enter short at 109500—110000.

Enter short if 108600 does not hold as support.

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