Analysis of the Bitcoin market on the early morning of May 30.
The Bitcoin daily chart shows three consecutive bearish candles, and the previous few days had three consecutive bullish candles forming a small pyramid pattern. The intraday market still does not show a strong single direction; fluctuations of a few thousand points are considered normal for Bitcoin given its high range and large fluctuation base. The daily chart has once again retraced to the starting point of the rise, and the market continues to exhibit a wide-ranging oscillation pattern with a tug-of-war between bulls and bears. From the four-hour chart, a large bearish candle has completely eliminated the upward space gained during the daytime, currently oscillating again near the lower range. Pay attention to the 106 level below; if it does not break, continue to look upward. The suggested strategy is to enter at lower levels for a long position! (Remember to maintain good defense.)
Bitcoin; Buy near 106200-106500, target 107500-109000, risk control 105800.
Ethereum; Buy near 2620, target 2720, risk control 2580.