Liying in the Crypto Circle: Bitcoin Latest Market Analysis on May 29

Article Published on 2025.5.29 ---- 0:10

The current price of Bitcoin is 107,300. Liying has identified that there is currently a pullback pressure in the market. The MACD indicator shows that bearish momentum is strengthening, and both the MA7 and MA30 moving averages are trending downward. The bearish trend is quite evident in the short term. Therefore, Liying suggests that traders should operate cautiously in the short term. If the price further breaks below the channel support, consider lightly shorting; if the price rebounds, observe whether it can return above the mid-channel before making bullish arrangements. Pay attention to position control and try to wait for the trend to become clearer before taking action. The technical analysis shows a "Dark Cloud Cover" pattern, indicating that there may be consolidation or a decline in the near future. It is essential to monitor whether the key support levels can be maintained, as an overall trend shift is beginning to appear. Traders looking to go long should pay attention to risk management.

Today's Reference Points:

• Long Entry: 106,500, Stop Loss: 105,500, Stop Loss: 500 points, Target: 109,000
• Short Entry: 110,000, Stop Loss: 111,000, Stop Loss: 500 points, Target: 107,000

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 2,630. The target of 2,700 mentioned in yesterday's article was reached, but the target of 2,550 was not met. Currently, it is facing resistance at the key support level of 2,620. The upward momentum in the market has significantly weakened. In the short term, Liying judges that the main force will be in a state of consolidation. The upper resistance level is at 2,740, and the lower support level is around 2,350. If the key resistance is not broken, there is a risk of a pullback in the short term. Therefore, Liying suggests focusing on buying low and selling high, waiting for the subsequent trend to clarify before making swing trades. If the price effectively breaks above 2,740 in the short term, consider lightly following the trend; conversely, if it breaks below the 2,350 support level, decisive stop-loss actions should be taken. The technical analysis shows a "Dark Cloud Cover" pattern, indicating weakened bullish momentum and a risk of a pullback in the short term.

Short-Term Trading Ideas:

• Long Entry: 2,550, Stop Loss: 2,500, Stop Loss: 30 points, Target: 2,650
• Short Entry: 2,700, Stop Loss: 2,730, Stop Loss: 30 points, Target: 2,550

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 assist others with dreams in finding their place in this unpredictable 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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