Evening Bitcoin Market Analysis and Trading Suggestions on May 28
There is no 100% certainty in the world; even the big players can be overturned by black swans. Treat trading as a probability game; be grateful to the market when you profit and reflect on your logic when you lose. Remember, contracts are just tools, not life itself; the numbers on the screen do not represent your value. You must live to see the next bull market. True winners do not capture profits in wild fluctuations but maintain their clarity amidst the strangulation of greed and fear. In the afternoon, Bitcoin did not see significant fluctuations but instead underwent a wave of oscillatory correction. The afternoon high was merely around 108,900. After a stepwise decline, it reached a low of around 108,175 before rebounding. Our short position set up at 108,800 in the afternoon captured nearly 500 points of movement, and the current price is around 108,700.
Analyzing from the one-hour level, regarding the Bollinger Bands, the price is fluctuating near the middle band, not effectively breaking below the lower band, indicating strong support. Additionally, the Bollinger Bands are stable; once the price breaks upwards and stabilizes above the middle band, it is expected to open up upward space. In the KDJ indicator, the K value is greater than the D value, and the J value is rising rapidly to form a golden cross trend, indicating an increase in bullish strength. Although the current MACD value is negative, the DIF line has a trend of crossing above the DEA line, forming a golden cross, and the histogram is shortening, indicating a decrease in bearish strength and an accumulation of bullish strength. Overall, the technical indicators for Bitcoin at the one-hour level are releasing positive bullish signals, and short-term continuation of the upward trend is expected, but investment should still be cautious.
Bitcoin strategy: Buy near 108,500, target 109,800
Ethereum strategy: Buy near 2,540, target 2,700
