Analyst Liang Qiu: On May 29, Ethereum rises again while Bitcoin consolidates. Market analysis attached.

Bitcoin/Ethereum has been showing a diverging pattern in recent days. Bitcoin has fluctuated down from its high of 110,000 to around 106,700 last night, a drop of over 4,000 points, while Ethereum has been rising. We set up short positions multiple times above 109,000 and 2,650 yesterday. Ethereum also approached around 2,610 several times, but friends who didn't act in time might still get trapped, so it's crucial to manage trend swings properly and stay updated. Currently, the market is consolidating at a high level, with Bitcoin breaking below the daily MA7 and MA10, and the moving averages have started to turn downward. The 109,000 level above has also become a short-term resistance.

The K-line pattern of Bitcoin shows that the recent price is oscillating at a high level, with Bitcoin continuously retracing to form a short-term correction trend. In the 4-hour cycle, a long lower shadow indicates some buying support at lower levels, but overall it remains weak. Technical indicators in the 4-hour cycle show a death cross between DIF and DEA pointing downward, with green bars expanding, indicating a bearish advantage; the daily level also shows signs of a death cross, warranting caution for further downside risks. Ethereum has also approached the daily high of 2,740 and is facing pressure nearby.

Trading suggestions: BTC: around 108,300 to 108,800, target near 106,000; ETH: around 2,710 to 2,730, target near 2,620.

【The above analysis and strategies are for reference only, please bear the risks yourself. The article's review and publication may not be timely; please refer to real-time information for specifics】 #币安HODLer空投SOPH