🔍 Bitcoin Situation Update – May 28
Currently, BTC is consolidating around the range of 108,500 – 110,000 after a strong previous increase. However, when observing on the M15 and H1 frames, it can be seen that the downward momentum is prevailing.
📉 Two scenarios to monitor closely:
Scenario 1: Rebound then decline
If the price rebounds to the range of 109,500 – 109,800 and shows a price rejection signal (pinbar candle, engulfing...),
→ Look for Short with a profit target at:
🔸 108,200 – 107,200
Scenario 2: Strong support breakdown
If the price breaks below the range of 108,200 with large volume,
→ Short in the trend, the next target is:
🔸 106,800
🧭 Note:
Manage risks carefully, especially in the current sideways price range.
Wait for clear confirmation signals before entering a trade.
Avoid FOMO when prices are fluctuating rapidly.