Analyst Liang Qiu: Bitcoin/Ethereum High-Level Consolidation on 5.28, Overnight Look for Highs and Pullbacks

After rising in the evening, the Bitcoin/Ethereum market is consolidating at high levels, especially with Ethereum showing a noticeable increase. However, there is clear pressure above on the daily and four-hour charts. As long as the Bitcoin price does not break above 111000, there is a need for further retracement. Moreover, the increase in Bitcoin in the evening was not significant, remaining in a consolidation phase. From the daily and four-hour levels, there is still some room for a rise overnight, but there is no need to chase long positions; focus on the resistance at 2730 and 111000 on the four-hour candlestick chart. On the daily level, the MA indicators are indeed arranged upward, indicating a strong bullish trend, but the Bollinger Bands have started to narrow, suggesting that the market is likely to rise before entering a correction phase.

Overnight trading suggestions: BTC: sell near 110500 to 111000, target around 108000; ETH: sell near 2690 to 2710, target around 2600, stop loss at 112000 and 2740, or sell directly at current prices of 110300 and 2680.

[The above analysis and strategies are for reference only; please take your own risks. The article's review and publication may not be timely; refer to real-time data for specifics.] #币安Alpha上新