5.25 Morning Bitcoin Market Analysis

Good morning, friends. The first day of a new week, I hope everyone's luck will take a good turn. Yesterday, I reminded brothers to watch the 76,000 support level for Bitcoin; the price tested this level twice without breaking below. The altcoin retracement was relatively large, heading straight toward the 2060 area. The market is like this, it’s good at resisting all kinds of doubts. Just when you think it’s about to break, it pulls back; just when you think it’s stable, it hits you with a sudden blow. So don’t fight the market; let it run wild. It’s crazy, you stick to your rhythm.

Back to the chart, the daily lower support band is sloping downward, but it hasn't completely broken yet. It’s just that if it doesn’t return above the middle band, a break below could happen again this week. Bitcoin’s 4-hour K-line fluctuates around the middle band; MACD shows a bullish crossover below zero but with weak momentum; KDJ is in the high zone. This also indicates that short-term chasing risks are accumulating, and a technical correction could be triggered at any time due to overbought conditions. In other words, there’s still some rebound inertia in the short term, but the space is limited, likely forming a high-level oscillation pattern. The upper resistance is at 78,200, and the short-term strong support is at 76,000. For the subsequent rebound to strengthen, a volume-increasing bullish candle must stand firm above 78,000. Otherwise, before that, all rebounds should be treated as “too much decline, taking a breather.” Currently, the US-Iran situation is unstable, and the negotiation results are still uncertain. The market remains mainly short-term and light.

Bitcoin in the 77,400-77,800 range, target 76,400-76,000, with a further drop to around 75,500 if broken;
Altcoin in the 2110-2130 range, target 2070-2050. #美伊协议草案 $BTC $ETH