Cryptocurrency Trends: 5.28 Yesterday's coin price fluctuated upwards, today's morning market analysis share

Market Analysis:

No fancy analysis language, only solid insights. Welcome to test your strength.

BTC: Yesterday morning I saw a wave of short positions. Although I made money, it did not reach our expected price level. Fortunately, I exited early. Yesterday's overall trend was quite toxic, especially Ethereum, which was like it had taken medication, sweeping back and forth, and finally moving upwards. Now let's take a look at today's market trend;

Bitcoin's movement yesterday during the day was also fluctuating back and forth, especially around nine or ten at night, there was a lot of churning, as if trying to shake off retail investors so that the big players could pull up the price for profit. After the churning, the coin price fell into a range-bound situation and then began to correct. According to the Fibonacci retracement line on our hourly chart, Bitcoin currently has minor support around 108700, while the lower level at 107600 is the previous low point and has support. Currently, we will first look at a short position, then at a long position. Operating strategy: Short at the current price of 109100, stop loss at 109500, target 108500 - 108000; Long positions can be entered around 107500 - 108000, stop loss at 107000, target 108700, 109100. More real-time operations can be found in our group.

ETH: Next, let's take a look at Ethereum's trend. Its movement yesterday during the day was quite toxic, sweeping back and forth, but the overall bullish trend remains. It reached a high near 2710 and then began to decline. According to the Fibonacci retracement line on our chart, the position at 2660 is a bullish-bearish conversion point, with resistance at the high point given this morning. If this 2660 line cannot stabilize, then we will first look for short positions before looking for long positions. Operating strategy: Enter short positions near 2668, stop loss at 2710, target 2610 - 2560; Long positions can be entered between 2530 - 2560, stop loss at 2500, target 2640, 2680. More real-time orders will be provided in the group.

There may be delays in article posting, and strategy suggestions are for reference only. Specific operations should be based on real-time market data. For more detailed information, you can consult the author.

Reasonably plan your funds for investment, avoid emotional trading, do not let profits cloud your judgment, and do not place orders blindly. The market is unpredictable, and there are many factors affecting market trends. Do not be fixated on target points in short-term trading.