Quote from: Alpen on Today at 05:52:40 AM

Quote from: mid9tclaw02 on May 30, 2025, 11:09:40 PM

BTC nothing changed from this morning still on support, but uncertainly since this is the last Friday of the month,we will see next week,it will be essential to see how the month closes tomorrow, but the short term scenario does not change because the price has fallen since the last three days. With a price of105k it can retest to 95k by next month.

Right now, the drop to ~$103K is hitting strong support formed by the sideways consolidation we saw in the second half of May.
The speed of the bounce from this level will likely determine how fast we can retest $109K.

As for that $95K in June — not so sure.
$103K doesn’t look like a level BTC will just slice through.
At the very least, expect some ranging here first.

Talking about into the technical aspects approach then there are tons of FVG (Fair value gaps) if we do tend to look at into the chart on which we do know that these are imbalances/inefficiencies on which it needs up for the price to go back. We can say that crypto market or Bitcoin alone doesnt get in line when it comes to fundamentals and technicals when it comes into movements but as years or cycles goes pass by on which it turned out that it is that gradually that getting in line or highly reactive with these sentiments on which its not something that will be that too bad if you do tend up to follow. Whenever the market do tend to start going up then it will be making up that kind of positivity and emotion boost up that it would be continuing on which just like on what happened recently that the price do make out some new ath from one to another on which tons of people or even the entire community did made out some assumptions that this might be the start of the bull run.

I have seen this recently.

Crypto trader James Wynn, who’s been in the news for his high-leverage bets, has lost a staggering $99 million in the past two days with his Bitcoin bets falling flat on his face. With BTC price taking a dip under $105K, Wynn was forced to close all his positions, leading to huge liquidations. On the other hand, a smart crypto trader, betting against Wynn, managed to mint $17 million in the same time.
https://coingape.com/crypto-trader-james-wynn-loses-99m-in-bitcoin-bets-this-counter-trader-wins/

One of the examples on the moment that someone do make out that getting driven with some positivity on which it do results that kind of probability of loses but since the market is unpredictable then we dont know on what would happen next. If it turned out that momentum did build up then we might be able to see the different situation or simply he made up that huge amount of money.