5.31 BTC Morning Analysis
I. Technical Analysis
Bollinger Bands (BOLL) are clearly suppressive:
The current price is operating near the lower band (lower band: 103929.0), which is a typical weak oscillation zone;
The middle band pressure level is at 105210.2. If it cannot stabilize above the middle band in the short term, there is still a risk of further decline.
The current price is weakly oscillating above the lower band. If it falls below 103650, it will trigger further downward movement.
Trading volume is gradually shrinking:
This indicates that both bulls and bears are observing the market, and a short-term breakthrough may be brewing, requiring attention to directional choice.
Net capital outflow:
Nearly 663 million in capital has flowed out, reflecting a heavy bearish sentiment in the market. A short-term rebound needs to be observed for potential volume increase.
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Impact of news
There are market voices indicating that ETH spot ETF data is better than BTC spot ETF, which exerts emotional pressure on BTC.
Moreover, Bitcoin's failure to follow the rebound of traditional financial markets indicates that crypto funds remain relatively cautious.
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Short-term trend judgment: Oscillating Bearish
The current technical structure is a continuation of a downward channel, and the rebound is blocked by the middle band;
If it fails to quickly rally and break through 105200, it is likely to test the support zone of 103500-103000 in the short term.
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📌 Operation Suggestions:
Short Sell:
Entry point: 105000 ~ 106000
Target point: 103500 / 102800
Long Buy:
Entry point: 103500 ~ 102000
Target point: 104800 / 105200
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📎 Risk Warning: The current market lacks sufficient volume. If there are no unexpected positive news or capital inflows, it is not recommended to blindly chase long positions. Operations must strictly cut losses and remain flexible.
