Crypto market analysis 5.30 has been in a large-scale fluctuation, key positions to enter the game
On May 31, Bitcoin will usher in $6.5 billion in options expiration. Bulls are trying to push the price to $70,000 for settlement. 70,000 will be a relatively important key position in the near future.
The overall level is still mainly fluctuating in the range of Bitcoin 71000-66600. It is still possible to do high-short and low-long before the low 31.
As for the goal, it is still a thought of holding the spot as a sector rotation. Some of the strong memes reminded yesterday have been pulled back, but with BlackRock submitting the s-1 document for Ethereum ETF, there is still a chance to continue hype in June. Before that, just get through tomorrow 31st.
Daily level market
- - Daily level is still in a weak downward trend, the problem is not big, it is sucked by the copycat, the upper 69800 area becomes the downward trend pressure of the daily level, and the area around 68900 also becomes the pressure, the large-level bottom support is around 66500-66200, and the daily focus is the option settlement around 70000 on the 31st.
4-hour level market
The 4-hour level is still in a downward trend, and the bottom appears temporarily, with the bottom support around 67000. After breaking through, find support to enter the market around 66000-66300. The upper pressure is around 68500. After breaking through, see whether the daily level pressure is effective.
