5.31 BTC Evening Analysis
Intraday Drop: -1.58%
Net Capital Inflow: -239 million USDT (Bearish)
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🔍 Analysis:
1. Bollinger Bands show significant pressure, rebound has not broken the middle band:
Current middle band of the Bollinger Bands is around 103,870, BTC has just touched this level;
Upper Band Pressure: 104,781
Lower Band Support: 102,959 USDT
→ Current candlestick has risen, but the volume is not strong, and the Bollinger Bands are still diverging downwards, indicating the trend has not turned bullish.
2. Bulls and bears are in a stalemate, short-term remains weak:
Bulls are attempting a rebound, but the continuous candlestick bodies above indicate layers of pressure;
The lower level of 103,000 USDT has been tested multiple times, and if it is lost, a further drop to the 102,000 area may occur.
3. Volume Analysis:
The current rebound volume is not significant, showing that buying interest is not decisive;
If the volume increases and stabilizes at the middle band, there is a possibility to continue testing the 105,000 area.
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📰 News:
Bullish News: US stocks are recovering, and the speculation surrounding Trump's Bitcoin reserve concept is still fermenting;
Bearish News: There are still uncertainties in the macro environment, such as rising US bond yields and trade tensions;
Comprehensive Judgment: The bullish news has not yet transformed into substantial buying interest, which reflects a situation of "news ahead, buying lagging."
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Going Long:
Aggressive Long Entry Point: 103,300 ~ 103,500 (Buy on Dips)
Target Price: 104,800
Going Short:
Aggressive Short Entry Point: 104,800 ~ 105,000
Target Price: 103,200
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Summary:
BTC is currently in a low-level consolidation rebound phase, but lacks clear volume, and the rebound strength is weak. Without new capital driving, the pressure above 104,800 remains significant. It is recommended to operate on a short-term basis with "buy low and sell high" to avoid chasing up and selling down.
