Cryptocurrency Li Ying: On May 28, Bitcoin surged high! Ethereum breaks short-term resistance! Bullish sentiment surges, latest market analysis
Cryptocurrency Li Ying: Bitcoin latest market analysis on May 28
Article published on 2025.5.28----0:10
Current Bitcoin price is 109,600. Li Ying finds that the overall market is showing an upward trend, with some pressure near the upper channel line. Indicators like MACD and MA all show a bullish advantage. In the short term, the main force may maintain fluctuations within the rising channel, and the bulls have not exhausted themselves. Therefore, Li Ying suggests that cryptocurrency friends maintain their existing long positions, set the take-profit level above 112,000, and control the stop-loss level below 108,700 to guard against unexpected pullbacks. More aggressive traders can attempt to set light long positions near the lower channel line, buying on dips but must strictly control risks. The technical aspects show common patterns like dark clouds covering the top, three red soldiers, and double bottoms, which Li Ying won't elaborate on. In terms of strategy, Li Ying still chooses to follow the trend primarily for long positions, with short positions as a supplement.
Today's reference points:
Long entry at 107,000, stop at 106,500, stop-loss 500 points, target 109,000
Short entry at 112,000, stop at 112,500, stop-loss 500 points, target 110,000
Latest Ethereum market analysis
Before publication, the current Ethereum price is 2,660. The bulls' target has been reached. Without further ado, you can refer to previous articles for review. Li Ying will directly analyze from a short-term perspective. After experiencing high-level fluctuations, the bulls are attempting to push higher. Signals such as MACD golden cross, rising red bars, and bullish arrangement of short-term moving averages indicate that the short-term trend remains strong. If the high point can be effectively broken, a new upward trend may begin. Therefore, Li Ying suggests that aggressive traders should follow the trend with light positions after breaking 2,738, while conservative traders can accumulate long positions in batches around 2,620, managing risks to avoid downward risks. The technical K-line patterns are basically in a bullish trend, and Li Ying won't elaborate further; just follow the trend.
Short-term strategy reference:
Long entry at 2,620, stop at 2,550, stop-loss 30 points, target 2,730
Short entry at 2,700, stop at 2,730, stop-loss 30 points, target 2,550
The above is a brief analysis by Li Ying regarding the current market situation for investor reference. $BTC
