LoveSevenStanBackup
vip

May 30th analysis of BTC (BTC) and ETH (ETH) [change in market trend change in market trend change in market trend]


1, BTC (Figure 1, Figure 2)
BTC yesterday internally provided the preliminary signal for a change in market trend. Today at 8 o'clock, we saw a large bearish candle on the daily chart breaking through the long-standing upward channel, which has already confirmed a 90% probability that the change in market trend has arrived. The remaining factor is to observe this rebound's support at 105000. If we reclaim 107500, it will continue to evolve into a triangular consolidation.

The first retracement level of 105000 has been reached during the day, and there will be a rebound upward from here. We are looking at 107500; if this level is not broken, it will continue to go down. Below, pay attention to the secondary retracement levels of 101000-102000.

Pressure: 107500, 106400
Support: 105000, 102500

2、ETH(图三、图四)
The daily chart of ETH is still in a high-level triangular consolidation range. Pay attention to the change in market trend line at the position of 2575. If it breaks, it will officially change the trend. The pullback position is around 2400, and the correction positions are 2200-2100; just focus on these two positions.

Pay attention to 2600 for ETH during the day. If this level holds, it will continue to rise to challenge 2670. According to the change in market trend signals from BTC, it is highly likely that this level cannot be regained. Therefore, we will see ETH fall again to test the lower band. If 2600 breaks, it will directly test the lower band at 2570.

Pressure: 2675;
Support: 2600, 2570;
View Original
post-image
post-image
post-image
post-image
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)