May 25 - May 29 Bitcoin Market Summary

A week has passed very quickly; some friends have gained a lot this week, while others have experienced ups and downs. This time, let's briefly review the market trend of the week with everyone. The daily chart clearly shows that the market trend this week is downward. On Monday, Bitcoin continued its previous rebound to around 78,000, but under the dual influence of the Federal Reserve and US-Iran tensions, the overall market sentiment was panic-driven, with heavy selling pressure above, resulting in four consecutive downward candles and a new low of 72,436, while Ethereum also hit a new low of 1,965. Later, during the weekend when the US stock market was closed, tensions between the US and Iran eased, and the market rebounded to around 74,000.

This week's summary is simple: the strategy mainly focused on watching for opportunities, maintaining a short-term non-positioning rhythm. Although the profit space was limited, the results were quite good.

Currently, Bitcoin is consolidating around 74,000 without giving a chance for a pullback; short-term momentum is still quite strong. The momentum has not been fully released yet but is slowly weakening, showing signs of resistance. The short-term resistance level above Bitcoin is 74,500, with support at 73,000 during pullbacks. For Ethereum, attention should be paid to the 2,050 level above and whether the 1,990 support can hold below. The US-Iran situation still requires ongoing attention; until the negotiation results are fully implemented, we must stay alert. Whether signals favoring Bitcoin or Ethereum appear, follow short-term opportunities, and focus on volume breakout. Set stop-losses properly and avoid always holding onto luck. $BTC #美伊谈判博弈 $ETH