5.30 Morning Market Update:
Tomorrow is the Dragon Boat Festival~ Wishing everyone a safe and healthy Dragon Boat Festival in advance!
Bitcoin: The daily chart shows a rise followed by a drop, with three consecutive days of decline, and the trend is weakening. The MACD has formed a death cross above the zero line, indicating short-term adjustment pressure, but the MA30 provides support. The expected pullback space is limited, and after a potential retest of the 104,000 level, it may gather momentum to challenge the 110,000 mark again.
Ethereum: Clear signs of a false breakout, today one could attempt shorting in the 2645–2675 range, with a stop loss at 2700. It’s recommended to keep leverage within 5 times to avoid stop-loss risks.
🔥 Market Highlights:
1. Stocks TRB and WCT surged, with $WCT distributing airdrops to Solana users.
2. Meme coin $Labubu rebounded, boosted by BN's promotion.
3. BN Alpha launched ASRR, a small AI Agent model for the Sol ecosystem.
4. Leading projects HYPE, $FARTCOIN, etc. have begun to adjust first.
