Analyst Liang Qiu: On May 28, Bitcoin/Ethereum is consolidating at a high level. The early morning outlook remains unchanged with a rise followed by a pullback.

CN
1 day ago

Follow for more, earn millions. Hello everyone, I am analyst Liang Qiu. Here I share my views, hoping that every friend who follows can achieve good returns!

You can follow the public account Analyst Liang Qiu bb, focusing on mainstream coin guidance and layout. After a rise in Bitcoin/Ethereum prices in the evening, they are now consolidating at high levels, especially Ethereum, which has shown a noticeable increase. However, there is significant pressure above on the daily and four-hour charts. Bitcoin has not broken above 111,000, indicating a need for further pullback, and the rise in Bitcoin this evening has not been significant, remaining in a consolidation phase. On the daily and four-hour levels, there is still some room for upward movement in the early morning, but there is no need to chase long positions. Focus on the resistance at 2,730 and 111,000 on the four-hour candlestick chart.

From the daily level, the MA indicators are indeed aligned upwards, indicating a strong bullish trend, but the Bollinger Bands have started to contract, suggesting that the market may rise before undergoing a correction and consolidation.

Morning trading suggestions: BTC: Long near 110,500 to 111,000, target around 108,000; ETH: Long near 2,690 to 2,710, target around 2,600, with stop losses at 112,000 and 2,740. Alternatively, you can directly long at the current prices of 110,300 and 2,680.

Currently, the market outlook is relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing trading manner, with specific operations based on real-time guidance. For more strategies, please follow the public account: Analyst Liang Qiu bb.

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