Analysis of $BTC /ETH on the morning of May 30:
The fire at the city gate affects the fish in the pool!
Yesterday, the big cake had a small rebound, while Ethereum broke directly to its new high. By night, the situation reversed immediately, with a needle that pierced to the bottom. Yesterday, the position had already been reduced at the high point, and there was also a warning about the risk of the daily needle. This wave of the needle, in addition to the stubborn brothers chasing the big cake, mainly victimized the whales, as the forced liquidation price and the lowest point of the big cake are not very different, besides Ethereum remains strong above 2600, making it hard not to suspect that this is a hunt targeting the whales.
Currently, the strength of the big cake's rebound is quite good. A major pullback requires at least a second exploration of the lower support of 1055, and only if it breaks at the hourly level will it be considered confirmed. Although there is currently the possibility of continuing to drop after breaking the lower support, the range of 1040-1030 is a dense area where traders have previously been trapped, so a lower price could be detrimental.
BTC: Around 1054-1059, defend 600 points, look towards 1069-1088.
Since the Ethereum update, I have always had a good opinion about it. Everyone is falling, but only Ethereum remains strong above 2600, confirming that there is backing from the big players. During the day, pay attention to the position 2618; as long as it does not break at the hourly level, the big cake still has continuity.
ETH: Around 2618-2636, defend 30 points, look towards 2685-2730.
Recently, market volatility has been high, make sure to have good defense!
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