Bitcoin Market Trend Analysis 20250524

In the past few days, it has been mentioned that there is insufficient upward momentum at the 6-8 hour level, and we need to be alert to the potential pullback after a surge. Last night, a rapid decline at the hourly level finally occurred.

Currently, the divergence pattern at the 6-8 hour level has been confirmed. After a quick rebound following the decline at the hourly level, there is still room for further decline, with support levels at 105300-104120-101750.

The support at the daily level is around 101000, which is near the daily MA30 line.

There won't be a drastic drop at the daily level, so there is no need to worry. If the price continues to consolidate at high levels for a while, we will reassess.

In the next three days, the US stock market will be closed, leading to a significant loss of market liquidity. However, as long as Bitcoin maintains high-level consolidation, altcoins will have a chance to rebound. During the day today, altcoins will focus on recovery, and in the evening until tomorrow, strong altcoins will start to rise, and meme coins will also emerge.

Daily level resistance is at 110000-120450-131000, and support is at 105300-104120-101750-97520.