BTC analysis on May 28:
Yesterday, the price of Bitcoin was trading sideways, with not much volatility. It continued to rise at night, with the highest price rising to around 70750, which is also within the pressure range given by the big man yesterday. The current price has fallen to the 68800-68500 range!
Trend: Let’s start with the daily level. Yesterday’s analysis also said that in the flag-shaped channel, a preparation for a breakthrough channel was made above. At present, the breakthrough failed! From a small level, in the overall trend of four hours, this rise also touched the trend line and fell without breaking through. In general, there is no need to break through the rise at present, and adjustments are needed, so we have to operate according to the market trend!
Point:
Whether it is the upper pressure or the lower support, it is unchanged. The overall situation is like a wide sideways oscillation in a box.
