5.31 Initial Analysis of Morning Thoughts
The daily chart of Bitcoin shows that the overall downtrend dominates, with short-sellers in the market taking the lead. Although a doji star has recently appeared, which may signal a short-term stabilization, further confirmation of an upward signal is needed. From the perspective of the Bollinger Bands, the price is approaching the support area, and short-term adjustments will mainly be oscillatory.
Bitcoin: 102700-103400, target 104800-106000
Ethereum: 2450-2480, target 2550-2640
(The market is ever-changing, for reference only!)
