Zhang Junyao: 5.31 Analysis and Operation Suggestions
The current trend of Bitcoin continues to fluctuate at a high level, with a short-term strength in the 4H. The daily positive column has weakened, and the monthly line has basically reached the top. From the overall market situation, it will continue to fluctuate at a high level in the short term, and the probability of turning downward after the fluctuation is high.
Ethereum's daily line belongs to a fluctuating trend of falling. After a wave of sufficient rising, the price of Ethereum came to the position of US$3,973, encountering the pressure range formed by the dense trading area above. The first wave of large-scale rise did not effectively break through, triggering a callback. The second wave of inertial rise, although the price broke a little bit of the previous high, the volume was shrinking and the positive line with a long upper shadow was closed. It shows that the bullish power is weakening, indicating that the pressure from above is heavy, and then the trend fell. At present, it belongs to a falling trend in the entire oscillation range.
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