Evening BTC/ETH Analysis on May 28
Quick recap:
From May 27 to the daytime of May 28, BTC and ETH have been experiencing a technical bounce after a series of retracements; we can't just call it a trend reversal yet.
#BitcoinBTC[Trending]#
● Daytime low: around 72831
● Current bounce: around 73100
● Support levels: 72830 / 72650 / 72480
● Resistance levels: 73280-73420 / 73600 / 73850-74000
#ETH[Trending]#
● Daytime low: around 1956
● Current bounce: around 1980
● Support levels: 1956 / 1942 / around 1930
● Resistance levels: 1988-1995 / 2005 / 2020-2035
Evening scenarios:
1. Hold the support, continue weak recovery
2. Hit the resistance, face pressure, and pull back
3. Break below the daytime low, continue weak downtrend
Key focus: Watch if BTC can hold above 73420 and if ETH can break past 1995. If it can’t, be wary of a second retest.
This is just a market recap for discussion; it does not constitute advice.
What do you think? Will we pump first or dump first tonight?
(The following charts include some of last night's liquidation data)
Quick recap:
From May 27 to the daytime of May 28, BTC and ETH have been experiencing a technical bounce after a series of retracements; we can't just call it a trend reversal yet.
#BitcoinBTC[Trending]#
● Daytime low: around 72831
● Current bounce: around 73100
● Support levels: 72830 / 72650 / 72480
● Resistance levels: 73280-73420 / 73600 / 73850-74000
#ETH[Trending]#
● Daytime low: around 1956
● Current bounce: around 1980
● Support levels: 1956 / 1942 / around 1930
● Resistance levels: 1988-1995 / 2005 / 2020-2035
Evening scenarios:
1. Hold the support, continue weak recovery
2. Hit the resistance, face pressure, and pull back
3. Break below the daytime low, continue weak downtrend
Key focus: Watch if BTC can hold above 73420 and if ETH can break past 1995. If it can’t, be wary of a second retest.
This is just a market recap for discussion; it does not constitute advice.
What do you think? Will we pump first or dump first tonight?
(The following charts include some of last night's liquidation data)