Crypto market analysis 5.29 Target altcoins' rotation market, there are opportunities before the settlement date

On May 31, Bitcoin will usher in $6.5 billion in options expiration. Bulls are trying to push the price above $70,000. As for the price push to settle around 71,000, 70,000 will be a relatively important key position in the near future, but it is expected to be exercised on the 31st, so there will still be two days for spot opportunities. Some altcoins will still rise sharply, such as the recent SHIB.

As for the target, it is still a sector rotation thinking. Some strong MEMEs in the general direction are a bit coming to an end, but there are still MEMEs that have not risen. They can continue to rise. In the past, the MEME track has seen AI and SOL ecosystems, two relatively popular places with surging funds.

There are many tokens tested recently. The fan token sector is a game to see who runs faster. Just prepare to run a few days before June 15. The modular track has been silent for a long time. DYM and others are all testing the market. The capital rotation market has begun. In non-general rising markets, pay attention to profit and slowly sell, or change chips. No pattern, life is the first factor.

Daily level market

- ​​The daily level is still a weak decline trend. The problem is not big. It has been sucked by the copycat. The upper 69800 has become the daily level of downward trend pressure, and the upper 68200 has become the daily level of strength and weakness dividing line support. The large-level bottom support is around 66500. The daily focus is the option settlement near 71000 on the 31st.

4-hour level market

The 4-hour level is accumulating momentum in the short term, with a biased upward trend. The bottom support is around 68000 and the upper pressure is around 69000. After breaking through, see whether the daily level pressure is effective.

Intraday level analysis

-----The focus of Bitcoin is the settlement on May 31. At present, it will be mainly driven. In the process of long-short game, it is possible to go from 70000 above to 66500 below. You can clear the contract at any time, so you must pay attention to the risks.

The daily level upper pressure is around 68800 and 69800, and the support is mainly around 67900 and the daily level support. There are still a few days for Bitcoin to shrink and copycat. Don't open an order if Bitcoin has not reached the large-level support and pressure position. If you open an order, set a stop profit and stop loss. Then continue to arrange the rotation of the copycat market. If the east is not bright, the west will be bright.

The market has changed very quickly recently. If you want to adjust your position or don't understand the trend, you are welcome to communicate and learn. #山寨季何时到来？ #5月市场关键事件 #BTC走势分析 $BTC