Morning Analysis on May 29
Last night, Bitcoin experienced a downward trend, reaching a low of 106700 before starting to rebound. It is currently trading around 107900. The strategies from yesterday morning and evening have both been successfully validated. Technical structure analysis shows that from the 1-hour chart, Bitcoin has rebounded after reaching the lower Bollinger band and is currently trading below the middle band. The KDJ three lines have formed a golden cross and are moving upwards, while the MACD's momentum has started to decrease. Therefore, this morning, a pullback is suggested.
Suggestions:
Buy Bitcoin around 106800-107300, with a target of 108500-109500.
Buy Ethereum around 2610-2640, with a target of 2700-2730.
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