Yueying: Bitcoin and Ethereum Market Analysis (May 30-31), Bitcoin Bull/Bear Profits and Weekend Brief Review

The short-term strategy given above for Bitcoin was to go long at 72800 and short at 74250, with precise execution resulting in a range of over 2500 dollars. Looking at the daily chart, the previous candlestick briefly broke below the lower Bollinger Band and closed with a wick. Intraday opening saw a slight rebound followed by consolidation. The Bollinger Bands are widening downwards, short-term moving averages are trending downwards, the MACD fast and slow lines are extending downwards with decreasing volume, the KDJ found support near 0 and turned upwards, and the VR indicator is consolidating around 90. On the four-hour chart, the price is consolidating in a low-level range. The Bollinger Bands are narrowing, short-term moving averages are parallel, the MACD fast and slow lines have crossed upwards after turning, and the red volume bars are increasing. The KDJ, after encountering resistance, has turned upwards again; watch for resistance around 100. The VR indicator is consolidating around 50. Overall, after continuing its downward trend, the price found support above 72000. If there is further acceleration in the downward movement, strong support remains in the previously mentioned 70000-69000 area. The current short-term focus over the weekend is on range-bound consolidation. There are two key resistance levels to watch: the previous high around 74200 and the 7-day moving average around 75000. For support, focus on the previous low. See short-term suggestions below. Bitcoin short-term suggestion: Buy at 72800, sell at 74250. The previous strategy for Ethereum (ETH) resulted in a few drops off the long position, which met expectations. The daily and 4-hour charts can be used as a reference for Bitcoin's overall technical trend. Key resistance is around 2100, and support is around 1930. The weekend is expected to see range-bound consolidation; the strategy remains the same. See short-term suggestions below. Ethereum short-term suggestion: Sell at 2078, buy at 1970 (For more cryptocurrency analysis, click the image to see the homepage introduction). — I am 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! Let's exchange ideas and profit together!