{"content":"May 30th Review Yesterday, BTC began to pull back, reaching a low near 105300. It has now fallen below the 20-day line of 106300, and if it cannot quickly recover in the next day or two, it will continue to pull back to around 100,000 and 95,000. However, it is important to note that if it can recover the 20-day line and continue to rise in the next day or two, one should be cautious about chasing the price, as this could be the final wave of a false rally. The probability that the operators will carry out a final false rally is currently at 50%, and they may also choose to continue pulling back. Regardless of the two scenarios, in the next 2 to 3 weeks, Bitcoin is expected to drop to around 95,000. Regarding the subsequent pullback position, which concerns us, we can roughly estimate the theoretical pullback range for the upcoming period: this round has risen from 74500 to 111980, approximately a rise of 37,000 points. If it pulls back halfway, it will be around 93,000; if it pulls back to 0.618, it will be around 89,000; if it pulls back to 0.382, it will be around 97,000. Considering that the 60-day line is near 90,000, this blog tends to believe that the final pullback point for this round will be between 93,000 and 95,000. The weekly chart has been in an upward trend for 8 weeks, so a pullback of at least 3 weeks is needed. Summary: 1. The Bitcoin MACD has returned to the 0 axis, and the pullback trend is still ongoing. If it can quickly recover the 20-day line in the next couple of days, there will be a final false rally to around 110,000, which would be the best opportunity to reduce positions, rather than chasing the price upwards. If it cannot recover the 20-day line, it will choose to pull back directly, ultimately falling below 100,000. Both scenarios hold a 50% probability. 2. If currently buying the dip, then wait for the subsequent move to 93,000 to 95,000 for a rebound, targeting around 105,000.","images":[],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}