BITCOIN UPDATE AS OF MAY 31, 2018

CES MARKET VIEW
BTC rise to the $ 7,500 level this afternoon. Based on coin market cap, BTC is now trading at $ 7,506.21, down 0.06%. Major coins in the top 10 in terms of current market cap are also showing signs of recovery, following the BTC rebound. Among them, MIOTA (+ 4.53%) showed the largest increase.

The market capitalization of the world's cryptographic market is $ 329,527,200,000 at 3:00 pm on March 31. The 24 hour trading volume is $ 1,556,776 million. BTC's market share is 38.9%.

BTC is currently trading at $ 8.26 million, down 0.45 percent from Bithumb. In the up-beat, the stock index rose 0.62% to 825,000 won (based on the closing price at 9:00 am). The Korean premiums were 2.37% and 2.34% respectively. In Bitsum, GNT (+ 16.55%) is showing the greatest increase, and up-bit is showing the greatest increase in STORJ (+ 5.13%).

The price tends to go up because of the positive news, but volumes don’t allow. On the 1-h and 4-h indicators , we are growing, 1-d continues the somnambulant turn. The altcoins are more focused on flat or falling due to such uncertainty of bitcoin.

Today BTC finally painted a reversal doji on the 3 day, and near the uptrend line. In combination with oscillators near oversold conditions, this may signal a reversal of the trend.

Alts are beginning to show some life, but we would like to see some confirmation of a bull market before entering alt positions as they can switch quickly. The next major milestones for BTC will be around 8k, where we would like to see us break out of the downtrend line.