5.28BTC Early Morning Analysis

The BTC price is currently fluctuating between the middle and upper bands, close to the upper band;

The K-line shows a series of small bullish candles, indicating that buying pressure is recovering;

The upper band has some resistance, and it is currently approaching a test.

The previous high point: $111,959.5 is a key resistance level.

The Federal Reserve's stance is dovish, and the market expects a possibility of interest rate cuts in the second half of the year;

U.S. stocks are strengthening, and Bitcoin usually has a certain correlation;

The current trend is bullish, but there is significant resistance above. In the short term, it is expected to test around 111,900, and if there is a volume breakout, it will open up upward space.

ETF holdings show signs of recovery, with active capital inflow.

For long positions

Close positions near 109200-110000 when there is a pullback that does not break 108900.

For short positions

Near 111,800–112,600 (if there is weakness in testing the previous high)

When there is a significant upper shadow or long bearish candle, attempts can be made.