Bollinger Bands Opening: The previous upward momentum was strong, but now the price is consolidating below the middle band, indicating that the upward momentum is slightly insufficient.
After hitting resistance at the high of 2712, the price has pulled back, forming short-term head pressure, suggesting that the bullish intention to push higher is limited.
Currently attempting to break through the middle band resistance (around 2653). If a breakout occurs with volume, there is still potential for a rebound in the medium to short term.
Although ETH's recent rise is mainly driven by expectations such as ETFs, the short-term news is becoming calmer, and speculative expectations are weakening; therefore, the technicals dominate market fluctuations.
📉 Short-term pullback after a rise, pressure at 2710 📈 If the price stabilizes above 2630, light long positions can still be considered; if the rebound does not break 2690, it presents a short opportunity!
🎯 Key Levels:
Long Position Reference: 2615 ~ 2630
Short Position Reference: 2680 ~ 2700,
Breaking below 2600 poses a risk for further decline!
Bollinger Bands are narrowing: the market is in a consolidation phase, but the lower support remains effective, and short-term volatility is limited.
The price has tested the 108200 support multiple times without breaking, showing strong buying support below. If there are no negative impacts, there is still a possibility of a short-term rebound.
Upper resistance: The 110000~110700 area has significant selling pressure, and several attempts to break through have failed.
👉 Comprehensive Judgment: Currently in a “trap for bulls easy to be dumped” consolidation phase, it is not advisable to blindly chase the rise. Attention should be paid to the changes in the following key levels.
🟢 Long Position Considerations: Effective support near 10800 + appearance of a stop-loss signal 🔴 Short Position Considerations: Rebound to the 110000 pressure zone without breaking + volume increase on decline 📉 Risk Area: A drop below 108000 may trigger a deep correction!
In the past few days, I've been observing LINK's market, and the trend is slowly showing an upward flavor. On the chart, it's clear that it's approaching the previous high point area (around 18.2), while the support zone below is also quite solid.
Personally, I'm more concerned about whether the market will find a sense of direction in this oscillation range in a short period of time 📊.
💬 Are there any friends also watching LINK? Let's discuss this trend together! I've attached the chart below 👇
The Bollinger Bands are widening, and the price has fallen from the upper band to between the middle and lower bands, indicating a short-term correction after a rapid rise.
The 2712 level has formed the latest high point resistance, which has repeatedly failed to break through effectively, with bears actively accumulating in the short term.
EMA7/EMA30 are intertwined around 2648 and 2631, and the current price is slightly below EMA7, indicating a weak short-term trend that requires attention to whether it can stabilize at EMA30.
News: Ethereum spot ETF saw a large number of subscriptions yesterday, with a positive funding outlook, supporting medium to long-term bullish sentiment.
Go Long
Lightly go long after confirming a stop loss between 2610 and 2630.
Go Short
It is suggested to go short after encountering resistance between 2680 and 2695.
5.28 BTC Midday Analysis The current candlestick is oscillating between the lower and middle bands of the Bollinger Bands, rebounding near the lower band, indicating a short-term technical rebound demand.
The high on May 27 formed short-term resistance near 110700, and the current price has not yet broken through the middle band average line (around 109440), showing that the bulls are still relatively weak.
✅ Long (Bullish Strategy):
If it stabilizes in the range of 108450 to 108880, a light position can be attempted for a long.
Short (Bearish Strategy):
Entry point: If it rebounds to around 109600 to 110000 and faces resistance, a short position can be attempted.
Suggestion It is currently in a key support oscillation phase; the news sentiment is generally consistent with the support at the Bollinger Bands lower band, and the short-term direction is still unclear. Suggestions:
If it pulls back to 108450 and does not break, a light long can be considered;
If it rebounds and does not break 109800, then consider shorting at highs;
Daily Cryptocurrency Update Summary (2025-05-28) 1. Trump Media announces a $2.5 billion Bitcoin vault plan. 2. BlackRock executive: The upside potential of Bitcoin is greater than that of gold, and the downside risk is smaller. 3. Standard Chartered predicts Solana will rise to $500 by 2029, but short-term performance may lag behind Ethereum. 4. Willy Woo: Bitcoin is facing a bearish turning risk in the short term, and speculation overheating should be monitored. 5. U.S. Senator Lummis: Trump supports a bill to purchase 1 million BTC. 6. VanEck executive: Sustainable Bitcoin reserve growth must be achieved gradually through congressional legislation. 7. International Monetary Fund: Will continue efforts to ensure El Salvador does not accumulate more Bitcoin. 8. Grayscale establishes an 'AI Crypto Sector' as the sixth major cryptocurrency classification standard. 9. Square is piloting real-time Bitcoin payments in Las Vegas, planning to fully roll it out to customers by 2026. 10. Bitwise CEO: If asset management institutions allocate 1% to Bitcoin, it will bring in 'hundreds of billions' in funds. 11. Michael Saylor: When Wall Street holds 10% of Bitcoin, the price will reach one million dollars. 12. Trump's eldest son: The family faced banking service bans for political reasons, which led to Trump changing his stance on cryptocurrency.
I reminded everyone to be cautious of a pullback early yesterday morning. I don't know who paid attention and who followed through. The more you pay attention and observe, the better you can prevent it in advance.
The Trump family's support for cryptocurrency is a bullish sentiment signal in the market, but: The impact of the news is limited, and it hasn't caused a sustained rally in the trend; Currently, the positive news has not led to an increase, hiding short-term weakness risk.
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📊 Technical Structure Analysis
🔍 Key Observation Points:
1. Three consecutive K-lines are weakly oscillating below the middle band of the Bollinger Bands, indicating insufficient upward momentum;
2. The lower band has been tested repeatedly but not effectively broken (108612), showing that there are still bulls defending;
3. The high point of 110700 has been confirmed, showing a significant pullback, currently forming the embryonic shape of a descending channel.
🧭 Summary in one sentence:
> There is pressure above (109500) and support below (108600), approach with high selling and low buying, and chase the trend once broken. It is recommended to focus on "shorting on rebounds" with light positions for long trades.
U.S. Stock Market Close: Three Major Indices Surge, Trump's Company Drops Over 10%
On May 28, the U.S. stock market closed on Tuesday with the Dow Jones initially up 1.78%, S&P 500 up 2%, and Nasdaq up 2.47%. Tesla (TSLA.O) rose nearly 7%, Nvidia (NVDA.O) increased by 3.2%, Apple (AAPL.O) rose by 2.5%, Pinduoduo (PDD.O) fell by 13.6%, and Trump Media Technology Group (DJT.O) dropped by 10.3%. The Nasdaq Golden Dragon China Index fell by 0.28%, Alibaba (BABA.N) declined by 1%, and JD.com (JD.O) dropped over 2%.
The BTC price is currently fluctuating between the middle and upper bands, close to the upper band;
The K-line shows a series of small bullish candles, indicating that buying pressure is recovering;
The upper band has some resistance, and it is currently approaching a test.
The previous high point: $111,959.5 is a key resistance level.
The Federal Reserve's stance is dovish, and the market expects a possibility of interest rate cuts in the second half of the year;
U.S. stocks are strengthening, and Bitcoin usually has a certain correlation;
The current trend is bullish, but there is significant resistance above. In the short term, it is expected to test around 111,900, and if there is a volume breakout, it will open up upward space.
ETF holdings show signs of recovery, with active capital inflow.
For long positions Close positions near 109200-110000 when there is a pullback that does not break 108900.
For short positions Near 111,800–112,600 (if there is weakness in testing the previous high)
When there is a significant upper shadow or long bearish candle, attempts can be made.
On May 27, US stocks opened, with the Dow Jones rising 0.84%, the S&P 500 index rising 1.1%, and the Nasdaq rising 1.52%. Pinduoduo (PDD.O) fell 18%, as its first-quarter performance did not meet expectations. Gold stocks followed international gold prices lower, with Jintian falling 5.4%. Trump Media & Technology Group (DJT.O) rose 3.69%, as the company plans to raise $2.5 billion to establish a Bitcoin reserve. Tesla (TSLA.O) rose 3.1%, after Musk stated he has returned to a full-time work schedule.
Market news: Trump Media Technology Group (DJT.O) announced a Bitcoin funding deal worth approximately $2.5 billion, planning to use the raised funds to establish a Bitcoin reserve.
5.27 Evening Analysis of Two Pancakes ETH is currently at the 2639 line, having just broken through the middle band of the Bollinger Bands at 2551, and is pushing against the upper band at 2619, showing signs of short-term bullish strength.
The previous high point of 2738-2740 is the main resistance level, with support in the 2480-2550 range.
The overall structure is biased towards bullish, and bulls are continuously testing the upper band, with short-term rebound space available, but facing upward pressure.
Recent ETF expectations and rumors of SEC approval continue to stimulate the ETH market, with capital sentiment optimistic;
There are no heavy bearish news, and the bullish atmosphere is evident, but if good news is cashed in or the overall market corrects, one needs to guard against the risk of a high-level pullback.
For Bullish If the price pulls back to around 2580-2610 and quickly rebounds, one can gradually establish long positions;
Or if it breaks strongly and stabilizes above 2740, then chase longs, targeting directly at 2800 and above.
For Bearish If the price hits resistance around 2740, repeatedly pushing higher and then falling back with increasing volume, one can consider trying to short;
Or if it drops below 2550 and rebounds without breaking 2570, one can short briefly.
Summary
Within the sideways range (2550~2740), sell high and buy low, operate in a fluctuating manner.
Break above 2740 with volume to chase longs, and consider chasing shorts if it drops below 2550.
Respond flexibly to avoid chasing highs and triggering sell-offs, and be cautious of pullback risks brought by cashing in on good news.
Current price at the 109,500 level, near the middle band of the Bollinger Bands, with significant resistance near the previous high of 111,950. The recent lower support area of 107,000-108,000 is relatively strong.
The Bollinger Bands are not widening further, indicating a consolidation with a slight bullish structure.
Recently, every time the price retraced to the middle band, there has been capital support, indicating that the bulls are still attempting to control the market.
Currently, there are no major negative news for BTC, and with US stocks recovering and continued net inflow into ETFs, the overall market sentiment remains bullish.
In the short term, safe-haven funds are still flowing in, and with the upcoming June FOMC meeting, market volatility may increase, but the main tone remains a slight bullish consolidation.
For Long Positions If the price retraces to around 108,000-109,000 and quickly pulls back, one can gradually build long positions;
Or directly break through 112,000 and follow up with increased volume to chase long.
For Short Positions
If the price rebounds and faces resistance near 112,000, testing multiple times without breaking and then falling back with increased volume, one can consider a light short position.
Gold has dropped again Spot gold and silver continue to decline, with gold breaking through the 3300 mark
May 27 news: Spot gold has fallen about 50 dollars from its daily high, touching down at 3300 dollars/ounce, a daily drop of 1.26%. Spot silver has retreated below 33 dollars/ounce, with a daily drop of 1.40%.
ADA Operating Strategy | Can the Bulls Turn the Tide?
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Recently, the price action of ADA has really made people nervous! The bulls are desperately trying to keep the price above the neckline of the 'inverse head and shoulders' pattern, But as you can see—weak upward momentum and a lackluster rebound, it feels a bit hollow.
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How to view the current market?
The 20-day moving average is stuck around $0.75, moving sideways with no sense of direction;
The RSI indicator is also hovering in the middle, with both bulls and bears having similar strength, neither side has a significant advantage.
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Do the bulls want to turn things around? They must eliminate this resistance!
To really strengthen, they need to break through the $0.86 barrier in one go; As long as they push through, the market could take off directly, aiming for $1.01!
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Do the bears have a chance? Of course they do!
If ADA can't hold up and the price falls back below the neckline, the bulls will basically retreat; Next, it could potentially drop back to the support near $0.60, However, this level may have strong buying defense, making it difficult to break through directly in the short term.
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Summary of the operating logic:
Break $0.86, consider going long, aiming for $1.01;
Break below the neckline, go short, aiming for $0.60;
Before a clear direction emerges, be cautious and observe or engage in low buy high sell for range arbitrage.
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The key price points have already been outlined for you, so let's see how the market chooses a side! If you like this approach, remember to like + follow, I will continue to update with real-time insights!