Bitcoin and Ethereum Market Analysis on May 30th
Today, the crypto market experienced a rise and then a decline: Ethereum reached as high as $2788 before falling back to $2620 (down 6%); Bitcoin rebounded to $108,900 and then dropped to $106,500 (down 2.2%). The market reacted to the Fed's hawkish signals, Trump’s tariff disputes, and profit-taking from overbought conditions. The low multi-strategy from May 26 was successfully validated, with Bitcoin gaining 2000 points and Ethereum gaining over 160 points.
Bitcoin Analysis
Daily: The price oscillated around $107,800, with TD entering TD7, MACD showing a decrease in volume, and KDJ forming a death cross, indicating short-term downward pressure. Support is at $106,200; if broken, it could reach $105,000; resistance is at $109,000, and if broken, the target is $110,500. Long-term holders have an average cost of about $81,000, and institutional funds are flowing in steadily.
4-hour: Dropped below $107,500, MACD bearish divergence expanded, KDJ is oversold, showing weak oscillation. Watch for rebound resistance at $106,800; if it stabilizes, it may correct to $107,500. The head and shoulders bottom pattern remains intact; breaking the neckline could target $115,000.
Operational Strategy:
Focus on low multi trades, enter at $106,500-$106,800 in portions, stop-loss at $106,000, target at $108,500-$109,500. If it drops below $106,000, it may test $105,000 in the short term.
Ethereum Analysis
Daily: In the morning, a "double top test" occurred, with MACD and KDJ showing bearish divergence, indicating strong short-term pullback demand. Support is at $2600 (4-hour MA60); if broken, it could test $2550; resistance is at $2800 (MA14). Technical upgrades and short covering provide upward momentum.
4-hour: Pulled back to around $2620, with MACD green bars shortening and KDJ forming a golden cross, indicating potential short-term rebound. Watch for resistance at $2650; if it holds, it will test $2700; if pressured, it will continue downward. On-chain data indicates institutional accumulation, with key support still at $2580.
Operational Strategy: Focus on low multi trades, enter at $2,600-$2,620 in portions, stop-loss at $2,580, target at $2,650-$2,700. If it stabilizes above $2,650, it may break the resistance at $2800.
Key Points to Watch:
The Fed's hawkish statements may delay rate cuts; Trump's tariff disputes are escalating, and be mindful of the risk of Ethereum's "double top test." Focus on the U.S. core PCE data tonight; if it exceeds expectations, it may exacerbate volatility. Investment requires caution and strict stop-loss measures. This analysis does not constitute advice.
#分析行情