Good morning, noon and evening, everyone. Today is May 31, 2024.

Yesterday, Bitcoin tried to touch 67,093 downwards, but did not fall below 66,800. Then it rebounded to around 69,500. It seems that the dealer really does not see the rabbit, and the eagle will not show the direction of Bitcoin until the news of the US meeting tonight comes out. According to our previous expectations, Bitcoin will definitely fluctuate violently tonight due to the news from the United States. So from a technical point of view, where will the direction go?

Let's use the one-hour explosion chart of Bitcoin OBTI to analyze it. You can see that the number of people who open long positions is almost the same as that of people who open short positions. This situation has not occurred for a long time. If Bitcoin falls back to 67,000, all the people who open long positions will be reported. The highest long-term volume is 2.6M. If the dealer rises to 70,000, all the people who open short positions will be reported. The highest short-term volume is only 2M.

Then let's take a look at the overall liquidation chart of Bitcoin. There are more people who open long positions than short positions. When the market maker falls back to 67,000, all the people who open long positions will be reported. The highest trading volume of the long army is only 1.6M, which is really not a large trading volume.

In general, the trading volume has risen in the past two days, and has been declining since then. The trading volume in the past few days has broken a new low. The overall market is still optimistic, because Bitcoin is consolidating at a high level, and many altcoins are making up for the rise, but friends should remember that Bitcoin cannot be optimistic before it stands at 71,000. The US meeting tonight will definitely be a bloody storm in the market. Everyone can ambush in advance and be prepared to meet the storm in the market. Crisis and opportunities coexist. #BTC突破7万大关 #BTC走势分析 #5月市场关键事件 #合约爆仓 #BTC☀️