5.30 Market Analysis

Yesterday, the market did not hold key support levels, and next we may see BTC drop to around 102,000 or even 99,800.

Now the long-short ratio in contracts has significantly increased, with many high-leverage long positions trying to catch the bottom.

In fact, I noticed a significant increase in the amount of BTC held on exchanges yesterday, indicating that institutions are accumulating some chips in preparation for a sell-off.

As a result, the market has clearly weakened. Regarding ETH, there are still staking expectations until June 1st, so the exchange rate won't drop that quickly, but after June 1st, the rate may revert and start to weaken.

So don't try to catch the bottom right now. It is better to short at higher points. #中心化与去中心化交易所