$BTC May 26 Cryptocurrency Market Analysis

Today, the crypto market retreated from high levels with weak consolidation, BTC faced resistance around 77,000 and pulled back, with continued insufficient rebound volume, short-term returning to a weak sideways trend. Bitcoin's current price is around $76,900, down 0.6% in 24 hours, hitting a high of $77,900 intraday before encountering resistance and dropping sharply, with a low of $76,100, weak buying support, and increasing selling pressure at higher levels. Ethereum also weakened simultaneously, trading at $2,100, down 0.7%, mainstream coins generally declined by 1%-2%, and the altcoin sector's divergence intensified, with risk-averse sentiment rising.
The entire network saw approximately $230 million in liquidations over the past 24 hours, with an increasing proportion of short positions being liquidated, dampening short-term bullish confidence; the fear and greed index is at 27, remaining in extreme fear, and market recovery willingness is weak. On the news front, the US dollar index slightly rebounded, and the Fed's rate cut expectations were delayed; BTC spot ETF has experienced net outflows for six consecutive days, with institutional funds continuing to withdraw, and macroeconomic bearish factors suppress the market.
Technically, BTC daily chart shows oscillation with a bearish bias, the 4-hour high has turned downward, with resistance at 77,500-78,000 and support at 76,000-75,500. ETH resistance at 2,130-2,170, support at 2,050-2,000. In the short term, cautious bearish sentiment prevails, with light short positions attempted on rebounds, and support levels should not be blindly bottom-fished; strict stop-losses are necessary, with particular attention to the validity of the 76,000 support.
⚠️Risk reminder: Cryptocurrency volatility is extremely high. The above is for market analysis only and does not constitute investment advice.