In terms of news, Trump has abandoned the threat of imposing a 50% tariff on EU imports starting in June, extending the start date to July 9. It is reported that this decision was made after his conversation with European Commission President Ursula von der Leyen, injecting new momentum into US-EU trade negotiations. Additionally, the Director of the National Economic Council, Kevin Hassett, mentioned that tariffs on certain countries could be reduced to 10% or lower. There are reports that the US may reach more trade agreements in the short term, such as the US-India framework that is about to be announced. As a result, the US dollar has risen, and US stocks have increased, although Yanling remains bullish on the currency price in the long term, and as long as the market believes that the Federal Reserve will cut interest rates, the currency price will continue to perform well.
From the market trends, the daily chart shows that the currency price is currently in a consolidation phase after experiencing significant fluctuations recently. The long upper and lower shadows from the previous days indicate fierce competition between bulls and bears. The hourly chart has formed multiple small alternating bearish and bullish candles, indicating a short-term adjustment state, but overall is on the weak side. The technical indicators show that the hourly MACD continues to operate below the zero axis, with DIF and DEA diverging downward, indicating strong bearish momentum; the daily MACD green bars are shortening, showing signs of stabilization. The hourly RSI is around 45, not yet in the oversold area but close to the low, with rebound potential still present; the daily RSI hovers in the neutral zone (around 50), and the trend is not yet clear. The hourly EMA7 and EMA30 are both sloping downward, while EMA120 remains flat, indicating significant short-term pressure; the daily EMA7 has fallen below EMA30 and is close to EMA120, requiring attention to further support testing. Overall, Yanling believes that short-term operations within the day should continue to buy high and sell low within the range of 106000 to 111000, while the long-term trend remains bullish.
Yanling's strategy for May 28 for Bitcoin:
1. Buy between 107700-108500, with a stop loss below 106500, target 109800-110700
2. Sell between 111000-110200, with a stop loss above 112000, target 109000-108200
Yanling's strategy for May 28 for Ethereum:
1. Sell between 2710-2670, with a stop loss above 2750, target 2550-2510
2. Buy between 2500-2540, with a stop loss below 2450, target 2640-2680