5.28 BTC Midday Analysis

The current candlestick is oscillating between the lower and middle bands of the Bollinger Bands, rebounding near the lower band, indicating a short-term technical rebound demand.

The high on May 27 formed short-term resistance near 110700, and the current price has not yet broken through the middle band average line (around 109440), showing that the bulls are still relatively weak.

✅ Long (Bullish Strategy):

If it stabilizes in the range of 108450 to 108880, a light position can be attempted for a long.

Short (Bearish Strategy):

Entry point: If it rebounds to around 109600 to 110000 and faces resistance, a short position can be attempted.

Suggestion

It is currently in a key support oscillation phase; the news sentiment is generally consistent with the support at the Bollinger Bands lower band, and the short-term direction is still unclear. Suggestions:

If it pulls back to 108450 and does not break, a light long can be considered;

If it rebounds and does not break 109800, then consider shorting at highs;