‼️May 27th Encryption Major Event ‼️

1️⃣SBF's sentence reduced by four years, expected to be released at the end of 2044

2️⃣MSTR once again spent 427 million dollars to purchase 4,020 BTC

3️⃣Trump Media denies reports of raising $3 billion to invest in encryption.

4️⃣Circle denies reports regarding its consideration of selling to Ripple

5️⃣ U.S. encryption legislation enters a critical period, market structure and stablecoin bill face an August deadline.

6️⃣The report found that Cambodian government officials are suspected of being involved in a $19 billion encryption cryptocurrency scam network.

In the past 24 hours, the PancakeSwap protocol fees exceeded Circle, ranking second across the entire chain.

8️⃣Sui official announced an additional $10 million for ecological safety construction, which will enhance audit and vulnerability bounty support.

9️⃣Solana co-founder Raj Gokal's personal information has been leaked, suspected due to Migos' Instagram account being hacked.

🔟Alpaca Finance will gradually shut down Alpaca Finance and its products, ALPACA briefly fell below 0.1 USDT.

1️⃣Over the past 24 hours, the entire network has liquidated 22.187 billion dollars.
2️⃣Total network contract holdings 153.43 billion USD
3️⃣ Total transactions in the last 24 hours: 2219.7 billion USD

‼️Cherish life, stay away from contract heavy‼️

Market Analysis📈📉

#BTC The current BTC price has formed a strong support in the area of $107,000 at the daily level, and has been effectively accepted for many downward explorations, indicating that the buying willingness in this area is strong and has obvious technical support effect. The latest price pin touched this range and rebounded again, and the short-term (1H~4H) structure maintained a rebound trend.

The key resistance levels above are:
• $110,500: Previous small platform intensive trading zone;
• 111,300 USD: resistance at local highs, accompanied by high trading volume;
• 111,800 USD: Potential endpoint for a short-term rebound; if it breaks through, there is hope for continued upward space.

Key observation points below:
• $108,800: The key support of the current rebound structure. If the 1-hour level entity candlestick effectively breaks below this level, it will be regarded as a destruction of the short-term rebound trend, with the risk of retesting the 107,000 support area.
• $107,000: Current daily core support. If it fails to hold at the daily level, it will trigger a larger downward structure, and it may seek a deeper support area below (for example, $103,500~$104,000).

Summary of viewpoints:
• Short-term (1H~4H): Maintain a strong rebound structure, pay attention to the resistance suppression situation above;
• Medium-term (daily): $107,000 is the key line of defense, and it is still a volatile bottoming pattern before the break, and it is necessary to guard against the risk of accelerating downside after the break. It is recommended that traders pay attention to key support/resistance reactions and level closing confirmations, control positions, and flexibly respond to changes in market rhythm.

The above analysis is for reference only! Everyone can also make corresponding arrangements for mainstream coins, mid-tier coins, and altcoins based on the linkage effect of Bitcoin!