Gu Jingci: Bitcoin/Ethereum Weekly and Monthly Closing on May 31st

Bitcoin/Ethereum has been trading in a narrow range for the past few days, indicating an impending trend reversal, making this transition particularly important. The market is currently in a critical decision-making phase, generally bearish but with a technical rebound potential. Ethereum has been relatively weaker, facing a test of key support levels. Weekly and monthly charts closed lower, indicating a generally weak trend. Be prepared for trend reversals and potential swings, and aim to capture potential gains. On the daily chart, the moving average system is bearish, the RSI is in a weak zone, and the MACD bearish momentum is still releasing. The price is near the lower Bollinger Band, suggesting a technical rebound potential, but the overall bias remains bearish. The 4-hour chart shows a weak consolidation pattern with extremely narrow Bollinger Bands, hinting at an impending trend reversal. The 1-hour chart shows signs of short-term stabilization, with the price rising above some moving averages and the MACD histogram turning positive. We are here every day, not to prove a high win rate, but simply to let you know that our team is always present, monitoring the market 24/7, professional and reliable. Analysis and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time updates.