Market analysis on May 30th, 2022

From the perspective of the daily BTC level, it is the first rebound after stepping back on the support, but it should be noted that the smashing here is heavy and the closing line has not formed a consensus, indicating that there is a possibility of distribution here, and in the process of pulling up Shrinking, the current rebound is greater than the reversal, and the holders can continue to pay attention here.

Gmt’s daily line level has slowly recovered after being bad. The price of shoes is maintained at around 2BNB, which is more in line with the market value. The current payback period is about 40 days, and there is no serious fomo sentiment.

At the 1-hour level, it is still in the entire triangle consolidation range, and it is about to face a short-term triangular consolidation pressure. If there is no breakthrough, it is more appropriate to wait for the support near 0.9 to enter the market. Pay attention as much as possible for now.

The 1-hour level of Jasmy is currently rebounding with the rebound of BTC. It is obvious that the volume can be relatively sufficient. There may be an outbreak at any time. Every time jasmy falls to around 0.01, there will be a large-level rebound. You can consider holding attention.

Although the overall market has rebounded, most of the altcoins have fallen by more than 50% and the technical surface has been severely damaged. Try not to be too aggressive when there is no hot spot in the news.

Risk warning

The above analysis is for reference only, there are risks in the currency market, and investment should be cautious.