Is the turning point for BTC here?

K-line pattern: Recently, a long lower shadow line has appeared at the hourly level, probing the bottom (such as the low of 108400 at 10:00 on May 28), indicating strong support at the integer level of 108000. The daily level has seen three consecutive days of closing in the red but has not broken the previous low (107516.57), forming a high-level oscillation structure, and we need to be wary of potential double top risks (110718 and 110499.64).

Technical indicators:

MACD: At the hourly level, both DIF and DEA have crossed below the zero line (current -137.54/-53.50), and there is a death cross at the daily level (3500.93/3758.40), with bearish momentum increasing. RSI: The 1-hour RSI14 is weakly hovering in the 40-50 range (latest 45.93), while the daily RSI14 has fallen from the overbought zone to 65.24, indicating a weakening trend strength. EMA: The price has dropped below the 1-hour EMA7/30 (108978.69/109238.03), but EMA120 (108830.28) remains key support; the daily EMA7 (108588.06) and EMA30 (103148.68) maintain a bullish arrangement.

Trading volume:

At the hourly level, there was a volume increase followed by a decline (volume of 723 at 10:00 on May 28) and then a shrinking rebound, showing a divergence between volume and price. At the daily level, there was a surge in volume during the crash on May 27 (21277), but the rebound on the 28th saw a decrease in volume (2505), indicating that selling pressure has not been fully digested.

Key point reminders

Resistance: 109500 (intersection point of previous high EMA30), 110000 (integer level + double top neck line). Support: 108400 (recent low), 108000 (integer level + EMA120). #比特币2025大会 #BTC