Pal $BTC Market Weekly Report — 5.25

Figure 1: Weekly Chart Icon
1) Weekly 2 has been falling consecutively, although this week after a downward sweep it basically retraced, but the overall trend clearly shows that a top exists above 80K.
So my personal opinion is, as long as it doesn't stabilize above 80K, I consider it bearish, only the news in between will cause various fluctuations.
The lower target at the weekly level is bullish OB 67.
2) This week is the last week of May, the opening price this week is at 763, note that if it falls below 763 this week, that is 100% a top.
3) Currently, BTC is still influenced by news and the US stock market.
I think the US-Iran ceasefire market has already priced in, meaning this wave reached the high of 82K.
What remains now is whether everything is fully negotiated or when the Strait of Hormuz opens, which will definitely bring some upward movement or volatility, just be patient.
4) This week's macro
Tuesday 5/26 Consumer Confidence Index for May; CRM/HP/SNPS earnings reports
Wednesday 5/27 South Korea Samsung/SK Hynix leveraged ETFs listed; DELL/COST earnings reports
Thursday 5/28 🔴 Core PCE for April (8:30 ET) + Q1 GDP revision
Thursday 5/28 🔴 * 6.25B BTC options expiration (Deribit, strike 75K)
Friday 5/29 Fed Bowman speech
Note that Thursday’s core PCE sets the tone for the June FOMC: Warsh’s first key data since taking office, which will influence the dot plot path on 6/16-17.
Currently, the market expects 99% to hold steady, but if PCE exceeds expectations, it will reignite discussions of rate hikes.
Figure 2: Daily Chart
1) On the daily chart, after the sweep of 75 on Saturday, it is currently testing the bearish OB at 78 with a rebound.
If weak, it means rejection downward.
If strong, watch for a sweep of 80.
2) The US stock market is closed tonight, wait for the early morning to see the specifics.
Figure 3: Hourly Chart
1) Today’s market is currently stabilizing above the range eq 768 and moving sideways with an upward trend.
2) The key levels here are 768 and 775.
Stabilize above 775, then look for 78 with attention to the sweep.
Break below 768 to confirm a probability of downward movement.
So protect patience.