May 31st Market Analysis

Bitcoin is oscillating downwards, with weak rebound strength, currently at the lowest point around 103500

Overall, the bearish sentiment is quite strong, and it is not recommended to directly short the market; there are risks in shorting at the current position

For long positions, one needs to wait for the right side, at least 15 minutes to establish a bullish structure

Intraday Trading Ideas

Focus on the key resistance around 104800-105000; if it breaks and retests, a long position can be taken, with a target around 106600

#BTC