Yueying: 5.30 Bitcoin and Ethereum market analysis today. The monthly line is about to end. Can Bitcoin continue to rebound?

Bitcoin Technical Analysis: Bitcoin's daily chart shows a large positive candlestick pattern, breaking through the 7-day moving average, triggering a rebound. However, the intraday opening has not yet continued its strong performance, instead experiencing a period of volatile correction. The Bollinger Bands are flattening, indicating a turning point at the 7-day moving average. The MACD lines are trending downward, suggesting a reversal. The KDJ crossover is shrinking, while the VR indicator is consolidating near 100. In the 4-hour chart, the market has broken through the upper band with consecutive positive candlestick patterns, but encountered resistance near the 60-day moving average and is now retracing. The Bollinger Bands are opening, indicating a turning point at the short-term moving average. The MACD lines are extending upward, with increasing volume. The KDJ crossover is trending downward near 100, while the VR indicator is consolidating near 80. Overall, this rebound is quite strong within the recent weak market structure. Next, attention should be paid to resistance near the daily middle band, a previous resistance zone. Support is also expected below the 7-day moving average. Whether the rebound can continue will depend on whether the upper resistance can be broken through and stabilized. Looking at the 4-hour chart, short-term resistance lies below 114000, while support lies above 110500. Here's a short-term recommendation. Bitcoin short-term recommendation: short at 113200, long at 111000 (strategy activation yields profit). Technical Analysis: Bitcoin's recent technical trends are highly correlated with Bitcoin, so we're not just looking at technical indicators separately, but also at Bitcoin itself. In the short term, previous resistance around 4200 can continue to be a reference, while support above 4000 is a reference below for intraday short-term recommendations. Short-term recommendation: short at 4185, long at 4058 (for more currency analysis, click on the image to see my profile on the homepage). I'm Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Sharing and profiting together!