Analysis of Bitcoin market on the morning of May 28.

After a high pull-up in the evening, Bitcoin is experiencing horizontal fluctuations at high levels, especially Ethereum has shown a significant rise. However, there is clear pressure from the daily and four-hour charts above. As long as Bitcoin does not break above 11, there is a need for a step back in the market. Moreover, the rise in Bitcoin itself was not significant in the evening and has been in horizontal fluctuations. The daily and four-hour levels still have some upward space in the morning, but there is no need to chase long positions. Focus on the resistance at 110 above the four-hour candlestick and the position at 2730. From the daily level, the MA indicators are indeed arranged upwards, indicating a strong bullish trend, but the Bollinger Bands have begun to narrow, suggesting that the market may peak and then undergo a correction. The above analysis strategy is for reference only; please refer to real-time guidance (defense is crucial).

Bitcoin; Short near 110500-111000, target 108500-107000, stop loss at 111500.

Ethereum; Short near 2690-2720, target 2600, stop loss at 2750.