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Encryption Market Analysis (5.26)
Overall market speculation:
1. Current status:
Bitcoin is oscillating, with resistance near 70200 and support near 67500.
Future Expectations:
Short-term pullback is established, there is still a chance to challenge the vicinity of 71000 by the end of May, depending on the support situation of the pullback.
"3. Important notes:"
On Saturday, some altcoins experienced extremely crazy gains. When the market was not driven by much speculation, altcoins started to pump. Subjectively, I don't think the market will rebound. It is better to pay attention to the continuous bullish sentiment of other DEFI sectors or other altcoins in the intraday.
Bitcoin is expected to see a retracement within the short term, testing the support below the range of oscillation.