Bitcoin price trend analysis 20250531
At the hourly level, the trend has been oscillating downwards; after a weak rebound when the price touched the 12-hour EMA52 line, it started to fall again, currently oscillating near the 12-hour EMA52 line, which is also close to the daily MA30 line, so there will be a rebound here. The 12-hour MACD is still in the process of returning to the zero axis, so the rebound strength will not be too strong for the time being. It is highly probable that there will be a rebound to around 106000-107000 at the hourly level before transitioning to an oscillating trend.
The daily line shows a small bearish candle, currently forming a four consecutive bearish candle pattern, and there will also be a rebound here. The daily MA30 line is still in an upward trend, and the price remains above the MA30 line, so the short-term daily level still looks bullish. The MACD shows an increased downward momentum above the zero axis, indicating that the adjustment at the daily level will continue and will not reverse sharply upwards.
In summary, after the short-term hourly level rebound, it will transition to an oscillating trend.
The daily level resistance is at 110000-120400-130000, and the support level is at 99800-97840-93410
From the Bitcoin liquidation heat map, we can see that
the price has risen, with a large number of large and super-large short orders waiting for liquidation in the 105950-112750 area, focusing on the liquidation points located in the 108900-109700 area
the price has fallen, with a large number of large long orders waiting for liquidation in the 103450-101500 area
