5.58 Market Analysis: Bitcoin has repeatedly failed to break through the previous high resistance. Short-term attention should be paid to potential pullbacks.

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BTC: The price of Bitcoin has tested the level of 110800 multiple times in the short term, but it has not broken through and stabilized at this level on the daily chart. In the short term, it is likely to experience a small pullback. Currently, it is still in a larger upward trend, and as long as it does not fall below the strong support at 105000, there is no risk of a significant pullback. In the short term, pay attention to the support area around 107000.

ETH: The price of Ethereum is performing relatively strong, but it still has not broken through the strong resistance area above 2710. It remains in a triangular consolidation range, with a risk of a pullback in the short term. Pay attention to the support area around 2560.

For more explanations, please watch the video patiently. If you have any questions, you can follow the public account: Ding Junxian.

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