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Crypto Market Analysis – May 31 | Monthly Close Edition
Strategy: Wait for clear signals to continue small-lot shorts
1 Market Overview BTC & ETH Key Support Levels
BTC SHORT
Entry: 74139
Stop Loss: 74514
Take Profit: 72550
ETH SHORT
Entry: 2030
Stop Loss: 2046
Take Profit: 1977
2 BTC & ETH Today marks the final day of May, with the monthly candle closing. Weekend volatility may be limited, with BTC likely ranging between 73,500 and 74,500.
If you're looking to buy, keep it quick in and out. There's no clear bottom signal yet. If price breaks above resistance at 74,514 or ETH at 2,046, you can consider scalping longs on the 15-min or 1-hour timeframe. But on the daily chart, no bottom is confirmed. If a strong rally occurs, shorts remain the priority.
If this analysis helps, drop a like and follow Qiang
All views are personal opinions only. Not financial advice. DYOR
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