May 27th Market Analysis
$BTC has dropped back above the previous consolidation zone—around 107100, and has tested the bottom twice, indicating a successful bottoming process and a rebound. The new consolidation range is also quite clear, with the first high expected around 110000. At this point, you should know what to do, right? However, the profit potential for short positions is limited. A new upward trend line can be observed below, and as time goes by, the probability of price increases gradually rises. Regarding $ETH
Ethereum is simpler, having broken through the short-term neckline—at the 2580 level. On the 1H timeframe, a vertical supply bar has appeared, and the bulls have regained control. If you did not enter when crossing the trend line, then the conditions for going long are—breakout and retest are your conditions for going long! For short positions, as you get closer to the top of the range around 2720, observe the market reaction and decide whether to take your short position. The above is today's content and viewpoints, quite clear that the main players do not waste time. What we need to do is open positions at key levels, and that’s all!
