5.31 Early Morning Bitcoin and Ethereum Market Analysis ~ The last day of the month, Bitcoin at 103700 will be a strong support level during the holiday.

In the early morning of the 30th, we analyzed the market trend leaning towards a fluctuating decline. It’s regrettable that the strategy didn’t catch the market. The low strategy for Ethereum was unfortunately set too low, which is also very regrettable.

At the current daily level, there is a 4-day consecutive decline, with the K line showing a bearish arrangement. The MACD and KDJ indicators are severely oversold. Although the 5-day and 10-day moving averages are pressing down on the price, the 30-day moving average continuing to rise also gives short-term bulls confidence. After 4 days of decline, the price has temporarily created a gap of 2000 points with the 5-day moving average. It is expected that on the 31st, the price will fluctuate downwards to test the strength of the support at the weekly K 5-day moving average before starting a rebound.

On the 4-hour line, the current K line is showing a red-green arrangement. The 5-day moving average pressure is easing, but the 10-day moving average and the mid-band of the BOLL are still pressing down, indicating strong selling pressure above in the short term. By combining the hourly line, it can be judged that the current price is inclined towards slight fluctuations. The high point resistance is referenced at 106500-107700. The low point support is referenced at the 103700 area. If the price rebound cannot effectively break through any resistance above, Bitcoin will test the 103700 support line again. Therefore, my personal view in the early morning is to maintain a strategy of first a low entry followed by a high exit. This is relatively prudent.

Operational thinking: 105000 low, 104000 to add positions low, target: 106000-107000 is sufficient. Stop-loss at 103500.

Reference high points are: 106800-107500 line, target: 105000-104000.

Currently, the overall trend of Ethereum is in sync with Bitcoin. As the market is about to face Saturday and also a holiday, the trading volume is relatively weak, and the market is inclined towards slight fluctuations. Therefore, my personal view in the early morning is to maintain a strategy of first a low entry followed by a high exit. This is relatively prudent.

Operational thinking: 2580 low, 2530 to add positions low, target: 2630-2660 is sufficient. Stop-loss: 2510.

Reference high points are: 2630-2670 high, target: 2580-2550 is sufficient.

For the short-term trend, it is expected to be enough, and I will continue to follow up later.#加密市场回调 #币安Alpha上新