5.30 Market Analysis:

The daily level of Bitcoin price has shown a certain downward correction as predicted yesterday. As of now, the three consecutive bearish daily candles have made some changes to the current technical signals. The MACD and KDJ indicators have crossed into a death cross, and the 7-day strength indicator RSI has fallen to around 45. The bears slightly control the current market. The key intraday level is 106,000. If the price cannot effectively hold this position, then around 124,000, together with the current May high spike, will form a double top. In the case of weak buying action, the bears may further counterattack! Overall, selling action is more suitable near resistance levels, waiting for the bottom to stabilize! #BTC