【$btc】2025.5.28

① What kind of signals might precede a major correction? If it effectively breaks below 106000, as analyzed previously, this position is crucial. If the bears do not completely take over here, we basically won't see a significant pullback. On the contrary, if the price not only fails to drop towards 107000 and below, but also breaks above 111000, then it will continue to push higher. As for how high it will go? At least above 112000. Will it reach 120000? No.

② How will it move in between here? Which side has more advantage? This can be further subdivided. Currently, 108600 is a support level, and if it effectively breaks below this, the bears will have the upper hand. The short-term support comes down to around 107300, where there might be a rebound, but the strength is uncertain. What can be known is that if the price drops back here again, the trend will be quite weak. At that time, it might mainly focus on shorting on rallies.

To summarize, the movements in the next two days are crucial, essentially determining the tone for the upcoming trend. Especially with the Bitcoin conference ending tomorrow night, whether it will result in profit-taking that turns into negative effects is hard to say. Although this wave of positive news has not had much effect on $btc, it has brought a small wave of rebound for $eth, slightly uplifting the altcoin market.