Cryptocurrency Circle Liying: On May 30, Bitcoin's "Ghost Gate" is approaching! Ethereum's deadly cross star! Latest market analysis

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19 hours ago

Pionex: Bitcoin Latest Market Analysis on May 30

Article Published on 2025.5.30 ---- 0:10

The current price of Bitcoin is 107,500. The downward trend is evident, and this is something everyone can see without needing further explanation. From a short-term perspective, the K-line is below the MA7, indicating weak market momentum. However, the MACD shows early signs of a golden cross, suggesting there may be slight rebound potential in the short term. Nonetheless, the downward pressure remains significant. Therefore, it is recommended for short-term traders to remain cautious. If the price approaches the lower boundary of the descending channel around 106,500 without breaking it, one might consider a light position to test a long setup, but strict stop-loss measures should be in place. For medium to long-term traders, the current price is still in a consolidation phase, and the lower support area has yet to be tested, so avoid blindly increasing positions. It is advisable to wait for the price to break above the MA7 with a noticeable increase in volume before seeking participation opportunities. Overall, the short-term outlook is primarily for consolidation, with opportunities for swing trading.

Today's Reference Points:

  • Long Entry: 106,000, Stop Loss: 105,500, Target: 109,000
  • Short Entry: 108,500, Stop Loss: 109,000, Target: 107,000

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 2,650. In the short term, it has been confirmed that the market is in a downward trend. Therefore, from a short-term cycle perspective, there is some adjustment pressure in the market, but the downward momentum appears to be weakening slightly. Considering the current appearance of a doji and bearish signals, the market may experience fluctuations near support, indicating a demand for short-term rebounds. Thus, it is suggested to remain cautious during this downward phase and wait for the price to stabilize at key support levels before considering long positions. If the price rebounds to the MA7 or previous highs and faces resistance, one might attempt a light short position. The technical indicators show a doji and a bearish three soldiers pattern, suggesting a mixed high-level consolidation, which is suitable for swing trading.

Short-term Strategy Reference:

  • Long Entry: 2,550, Stop Loss: 2,500, Target: 2,650
  • Short Entry: 2,750, Stop Loss: 2,800, Target: 2,600

The above is a brief analysis by Pionex regarding the current market situation for investors' reference. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share insights and hopes to assist others with dreams in finding their place in this ever-changing market and embarking on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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