As of May 24, 2026, the latest Bitcoin quote is around $76,800. Today the market just experienced a "V-shaped" rebound, currently in the recovery phase from an oversold condition.

Geopolitical tensions trigger rollercoaster market movements

Affected by news of US-Iran negotiations, market sentiment has been like a rollercoaster:

- Initial plunge: Yesterday (the 23rd), due to tense Middle East situation, BTC briefly broke below the $75k key support level, with over 160k liquidations across the network.
- Violent rebound afterward: Today, news of progress in negotiations was announced, causing the price to quickly rebound above $77k, with over 110k liquidations in a single day.

Macroeconomic and capital pressures

- Cloud of rate hikes: The Federal Reserve's leadership change combined with sticky inflation has increased expectations of rate hikes, with US Treasury yields remaining high, suppressing risk assets.
- Institutional divergence: Although long-term institutions (like ETFs) are accumulating against the trend, short-term funds are withdrawing due to unclear regulatory policies, seeking safe havens.

Key levels and market outlook

- Support levels: $74k - $75k are strong support zones repeatedly tested recently. As long as these levels are not broken effectively, the bullish structure remains intact.
- Resistance levels: $80k is a short-term bull-bear dividing line, with a more critical test at $82k (near the 200-day moving average). Only a volume breakout here could push toward $86k.
- Short-term strategy: Currently suitable for light position swing trading, focusing on the defense at $75k. If stabilized, a rebound can be targeted; if volume breaks below, caution is needed for further decline toward $74k.