#美军打击伊朗 Bitcoin market still has unexpected developments!

In the crypto circle: On May 25, according to monitoring, a whale used 16.71 million USD to buy 7,908.3 ETH, at a price of 2,113 USD.
On May 26, according to monitoring, a whale opened an ETH short position worth over 100 million USD yesterday and closed it at a loss of 260,000 USD. Subsequently, it shifted to long BTC, opening a long position of 175.04 BTC, worth about 13.43 million USD, with an average price of 76,725.
Market aspects:
1 On May 26, according to Iranian official media, citing an official, after nearly 90 days of internet disruption, Iranian President Raisi has ordered the restoration of international internet access. How and when Iran will reconnect to the global network remains unclear. Most Iranians have been unable to access the global internet for 87 days.
2 U.S. Central Command: Conducted defensive strikes in southern Iran, targeting missile launch sites and Iranian ships attempting to mine. Currently, two Iranian mine-laying ships are reported to have been sunk in the Strait of Hormuz.
3 On May 26, according to CCTV, both the US and Iran recently stated that negotiations have made progress, but it is uncertain whether an agreement can be reached ultimately. Experts believe that neither side has made substantial concessions on key issues, and the outcome of negotiations remains highly uncertain. Overall, macro market tensions are heightened by US-Iran negotiations, causing market anxiety.
Against this backdrop, Bitcoin buying actions should be cautious, waiting for retracement and digestion before entering. Shorting near resistance levels is more in line with the current market environment!
Daily level: The price failed to break through 78,000 and has fallen back. The current price is also below the 5-day moving average, increasing the risk of further decline. The Bollinger Bands also show a downward tilt. The 76,000 integer level has become an important psychological defense line for the bulls. Breaking below this level requires caution as the price may accelerate downward. Overall, mainly short positions, and buying actions should at least be near support levels with light positions!
On the upside: Initial resistance is near the 30-day moving average at around 78,430. Further resistance is near the 80,000 integer level.
On the downside: Initial support is near the lower Bollinger Band at around 74,741. Further support is near the low of April 20 at around 73,666!