Brothers, good morning 🌞🌞
5.27 Morning analysis and trading strategy:
Yesterday, #大饼 surged, and in the evening the Bollinger Bands narrowed, entering a volatile market. In the early morning, it fell to a low point, and currently, the price is in a narrow fluctuation state, with both bulls and bears in a stalemate. The market maintains a high-level volatility pattern, and we need to closely monitor changes in the market and flexibly adjust trading strategies.
From a technical analysis perspective, the current trend shows a consolidation pattern. The MACD histogram is gradually narrowing, indicating that bullish momentum is waning, but the fast line DIF is still above the slow line DEA; the RSI indicator value is in a neutral zone, reflecting relatively stable market sentiment.
Although there is a certain possibility of upward movement in the short term, there are significant resistances above. Considering the current market situation, the morning suggestion is to adopt a short-selling strategy on rallies, while also ensuring to set stop-loss orders to guard against potential risks.
Trading suggestions:
$BTC : You can short-sell near the current price on rallies to seize the range fluctuation opportunities;
$ETH : Similarly, it is advised to attempt short-selling in the high price range, paying attention to the subsequent price pullback space.
