Cryptocurrency Market Analysis by Liying: Bitcoin Latest Market Analysis on May 31

Article Published on 2025.5.31 ---- 0:10

The current price of Bitcoin is 105,500. The market has indeed turned bearish as predicted by Liying. The shift in the bullish trend is quite evident, and the current market is showing a downward trend that everyone can observe. The price has broken below the lower boundary of the ascending channel, and the short-term moving average MA7 is below the long-term moving average MA30, further confirming the current market weakness. The MACD indicator shows that the bearish momentum has not completely ended, and the low trading volume indicates a low level of market participation. Therefore, Liying suggests paying attention to the performance of low support levels. The technical pattern of "dark cloud cover" has appeared after the upward trend, forming at the top of the movement, indicating a possible trend reversal.

Today's Reference Points:

• Long Position Entry: 103,000, Stop Loss: 102,500, Target: 107,500
• Short Position Entry: 107,500, Stop Loss: 108,000, Target: 105,000

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 2,600. Liying has observed that the overall market is showing a downward trend. In the short term, it may further test the support level around 2,300, while 2,790 remains an important resistance level. Against the backdrop of MACD bearish signals and increased trading volume fluctuations, the short-term trend is primarily weak and volatile. Therefore, Liying suggests a wait-and-see approach. Aggressive traders may consider shorting at high levels with light positions, but should set stop losses above the resistance level of 2,790. Conservative traders should wait for the price to clearly test the support level of 2,300, observe whether the volume-price relationship forms a stabilization signal, and then consider entering long positions. It is also essential to closely monitor whether the MACD further amplifies the red bars and continues the death cross to confirm the strength of the bearish momentum.

Short-term Trading Ideas:

• Long Position Entry: 2,500, Stop Loss: 2,450, Target: 2,650
• Short Position Entry: 2,750, Stop Loss: 2,800, Target: 2,600

The above is a brief analysis by Liying regarding the current market situation for investors' reference. Over the past ten years, Liying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Liying 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, Liying feels a responsibility to share her insights and hopes to help others with dreams find their place in this unpredictable market and embark 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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